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): May 18, 2009
SPEEDUS CORP.
(Exact name of registrant as specified in charter)
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Delaware
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000-27582
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13-3853788
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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(IRS Employer
Identification No.)
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1 Dag Hammarskjold Blvd.
Freehold, New Jersey
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07728
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(Address of principal executive offices)
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(Zip Code)
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Registrant’s telephone number, including area code:
(888)-773-3669
Not Applicable
(Former name or former address, if changed from 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)
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
3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
On May 18, 2009, Speedus Corp. (the “Company”) received written notification from The Nasdaq Stock Market advising the Company that it no longer complies with Nasdaq’s Marketplace Rule 5250(c)(1) since it has not yet filed its Form 10-Q for the period ended March 31, 2009. This notification has no effect on the listing of the Company’s common stock at this time.
Nasdaq has provided the Company until July 14, 2009 to submit its plan to regain compliance with the rule. If, after conclusion of its review process, Nasdaq determines that the plan is acceptable, the Company will have until October 13, 2009 to regain compliance. If Nasdaq determines that the plan is not acceptable, the Company will receive notification that its common stock will be delisted from The Nasdaq Stock Market. At that time, the Company may appeal the delisting determination to a Listing Qualifications Panel.
The Company expects that it will file its Form 10-Q for the period ended March 31, 2009 before July 14, 2009, which filing will regain compliance with the rule.
Item 9.01 Financial Statements and Exhibits
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99.1
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Press release dated May 22, 2009
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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.
Speedus Corp.
By:
/s/ Thomas M. Finn
Name: Thomas M. Finn
Title: Treasurer and Chief Financial Officer
Date: May 22, 2009
EXHIBITS INDEX