- Current report filing (8-K)
14 July 2010 - 6:35AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported)
July 8, 2010
InfoLogix, Inc.
(Exact Name of Registrant as Specified in its Charter)
Delaware
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333-125575
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20-1983837
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(State or other jurisdiction
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(Commission
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(IRS Employer
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of incorporation)
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File Number)
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Identification No.)
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101 E. County Line Road, Hatboro, Pennsylvania
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19040
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(Address of principal executive offices)
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(Zip Code)
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Registrants telephone number, including area code:
(215) 604-0691
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of
the following provisions:
o
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
o
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR 240.14d-2(b))
o
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c))
Item 8.01. Other
Events
On
July 8, 2010, InfoLogix, Inc. (the Company) announced it
received a letter from Nasdaq stating that the Nasdaq Hearings Panel (the Panel)
granted the Companys request for continued listing on the Nasdaq Stock Market
subject to several conditions including, among other things, the occurrence of
certain events by August 15, 2010 and the Companys ability to regain
compliance with all the requirements for continued listing on Nasdaq by October 18,
2010. This extension represents the maximum
length of time that a Nasdaq Hearings Panel may grant to regain compliance
under the Nasdaq Listing Rules and, while the Company is diligently taking
steps to comply with the conditions of the Panel decision, there can be no
assurances that it will be able to do so.
As
previously disclosed on Forms 8-K filed August 21, 2009, November 12,
2009, and April 23, 2010 with the Securities and Exchange Commission, the
Company is not in compliance with Listing Rule 5550(b), which requires
companies whose securities are listed on Nasdaq to (i) maintain a minimum
of $2,500,000 in stockholders equity; (ii) have a minimum of $35,000,000
of market value of listed securities; or (iii) have net income from
continuing operations of at least $500,000 in the most recently completed
fiscal year or in two of the three most recently completed fiscal years. Nasdaq denied the Companys request for
continued listing and notified the Company on April 20, 2010 that unless
it requested an appeal, its common stock would be delisted. The Company timely requested a hearing and
its common stock remained listed pending the Panels decision.
The Company issued a press release announcing the
Nasdaq Hearings Panel decision, which is attached hereto as Exhibit 99.1.
Item 9.01. Financial
Statements and Exhibits.
(d) Exhibits.
Exhibit No.
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Description
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99.1
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Press
Release dated July 13, 2010 by InfoLogix, Inc. announcing the
decision of the Nasdaq Hearings Panel.
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2
Signatures
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
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INFOLOGIX, INC.
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Date:
July 13, 2010
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By:
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/s/
John A. Roberts
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John
A. Roberts
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Chief
Financial Officer
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3
EXHIBIT INDEX
Exhibit No.
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Description
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99.1
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Press
Release dated July 13, 2010 by InfoLogix, Inc. announcing the
decision of the Nasdaq Hearings Panel.
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4
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