Current Report Filing (8-k)
27 September 2018 - 7:03AM
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):
September 20, 2018
SUNWORKS,
INC.
(Exact
name of registrant as specified in its charter)
Delaware
|
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001-36868
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01-0592299
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(State
or other jurisdiction of
incorporation
or organization)
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(Commission
File
Number)
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IRS
Employer
Identification
No.)
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1030
Winding Creek Road, Suite 100
Roseville,
CA
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95678
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(Address
of Principal Executive Offices)
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(Zip
Code)
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(916)
409-6900
(Registrant’s
telephone number, including area code)
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:
[ ]
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Written
communications pursuant to Rule 425 under the Securities Act
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[ ]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act
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[ ]
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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[ ]
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item
3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
On
September 20, 2018, Sunworks, Inc. (the “Company”) received a letter from The Nasdaq Stock Market LLC (“Nasdaq”)
indicating that the Company has failed to comply with the minimum bid price requirement of Nasdaq Listing Rule 5550(a)(2). Nasdaq
Listing Rule 5550(a) (2) requires that companies listed on the Nasdaq Capital Market maintain a minimum closing bid price of at
least $1.00 per share
Under
Nasdaq Listing Rule 5810(c)(3)(A), the Company has a 180 calendar day grace period to regain compliance by meeting the continued
listing standard. The continued listing standard will be met if the Company’s common stock has a minimum closing bid price
of at least $1.00 per share for a minimum of 10 consecutive business days during the 180 calendar day grace period.
The
Company is monitoring the bid price of its common stock and will consider options available to it to achieve compliance.
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 thereunto duly authorized.
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SUNWORKS,
INC.
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Date:
September 26, 2018
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By:
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/s/
Charles F. Cargile
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Name:
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Charles
F. Cargile
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Title:
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Chief
Executive Officer
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