Current Report Filing (8-k)
16 April 2021 - 6:33AM
Edgar (US Regulatory)
0000352998
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0000352998
2021-04-09
2021-04-09
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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):
April 9, 2021
TELIGENT, INC.
(Exact Name of Registrant as Specified in
its Charter)
Delaware
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001-08568
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01-0355758
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(State or other jurisdiction
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(Commission File Number)
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(I.R.S. Employer
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of incorporation)
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Identification No.)
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105 Lincoln Avenue
Buena, New Jersey 08310
(Address of Principal Executive Offices)(Zip
Code)
Registrant’s telephone number, including
area code: (856) 697-1441
Not applicable
(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 (see General
Instruction A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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¨
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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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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Securities registered pursuant to Section 12(b) of the Act:
Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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Common Stock, par value $0.01 per share
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TLGT
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The NASDAQ Stock Market
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Indicate by check mark whether the registrant is an emerging
growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities
Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company. ¨
If an emerging growth company, indicate by check mark if the
registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards
provided pursuant to Section 13(a) of the Exchange Act. ¨
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Item 3.01.
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Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer or Listing.
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On April 9, 2021, Teligent,
Inc. (the “Company”) received a notice (the “Notice”) from The Nasdaq Stock Market (“Nasdaq”) informing
the Company that for the last 30 consecutive business days, the bid price of the Company’s securities had closed below $1.00 per
share, which is the minimum required closing bid price for continued listing on Nasdaq pursuant to Listing Rule 5450(a)(1) (the “Bid
Price Requirement”).
The Notice has no immediate
effect on the Company’s Nasdaq listing or trading of the Company’s common stock. The Company has 180 calendar days, or until
October 6, 2021, to regain compliance. To regain compliance, the closing bid price of the Company’s securities must be at
least $1.00 per share for a minimum of ten consecutive business days. If the Company does not regain compliance by October 6, 2021,
the Company may be eligible for additional time to regain compliance or if the Company is otherwise not eligible, the Company may request
a hearing before a Hearings Panel.
SIGNATURE
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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TELIGENT, INC.
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Date: April 15, 2021
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By: /s/ Philip K. Yachmetz
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Name:
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Philip K. Yachmetz
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Title:
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Chief Legal Officer & Corporate Secretary
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