Current Report Filing (8-k)
April 27 2016 - 7:01AM
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):
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April 25, 2016
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Glori Energy Inc.
(Exact name of registrant as specified
in its charter)
Delaware
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000-55261
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46-4527741
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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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4315 South Drive
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Houston, Texas
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77053
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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: (713) 237-8880
(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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¨
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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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Item 8.01. Other Events.
On April 25, 2016, Glori Energy Inc. (the
“Company”) received a letter (the “Notice Letter”) from The NASDAQ Stock Market LLC (“NASDAQ”)
affording the Company an additional 180 calendar days, or until October 17, 2016 (the “Compliance Period”), to regain
compliance with the NASDAQ listing rules. In accordance with NASDAQ Listing Rule 5810(c)(3)(A), the Company can regain compliance
if the closing bid price of the Company’s common stock is at least $1.00 for a minimum of ten consecutive business days and
continues to meet the continued listing requirement for market value of publically held shares and all other applicable requirements
for initial listing on the NASDAQ Capital Market with the exception of the bid price requirement. The Notice Letter also states
that if the Company chooses to implement a reverse stock split to achieve compliance, the Company must complete such reverse stock
split no later than ten business days prior to the end of the Compliance Period.
If the Company does not achieve compliance
with the Minimum Bid Price Requirement by the end of the Compliance Period, then NASDAQ will send a notice to the Company informing
it that the Company’s securities will be delisted, and the Company will have an opportunity to appeal as set forth in the
Notice Letter.
A copy of the Notice Letter is attached
hereto as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits.
Exhibit 99.1. Notice Letter from NASDAQ dated April 25, 2016.
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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GLORI ENERGY INC.
(Registrant)
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April 27, 2016
(Date)
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/s/ Victor M. Perez
Victor M.
Perez
Chief Financial Officer
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Exhibit Index
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99.1
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Notice Letter from NASDAQ dated April 25, 2016
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