Form 8-K - Current report
10 Julio 2023 - 3:11PM
Edgar (US Regulatory)
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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
July
7, 2023
Date
of Report (date of earliest event reported)
Steel Connect, Inc.
(Exact
name of registrant as specified in its charter)
Delaware |
|
001-35319 |
|
04-2921333 |
(State or other jurisdiction
of
incorporation or organization) |
|
(Commission File Number) |
|
(I.R.S. Employer
Identification No.) |
590 Madison Avenue, 32nd Floor New York New York |
|
10022 |
(Address
of Principal Executive Offices) |
|
(Zip
Code) |
(212)
520-2300
Registrant’s
telephone number, including area code
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):
☐ | Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ | Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ | Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ | Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
Common Stock, $0.01 par value |
|
STCN |
|
Nasdaq Capital Market |
Rights to Purchase Series D Junior Participating Preferred Stock |
|
-- |
|
Nasdaq Capital Market |
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. ☐
Item
8.01 Other Events.
As
previously reported, on June 13, 2023, Steel Connect, Inc. (the “Company”) received written notice from The Nasdaq Stock
Market LLC (“Nasdaq”) notifying the Company that the closing bid price for the Company’s common stock, par value $0.01
per share (the “Common Stock”), had fallen below $1.00 per share for the 30 consecutive business day period between May 1,
2023, through June 12, 2023, which is the minimum closing bid price required to maintain listing on the Nasdaq Capital Market under Nasdaq
Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”).
On
July 7, 2023, the Company received written notice from Nasdaq notifying the Company that since the closing bid price for the Common Stock
was $1.00 per share or greater for ten consecutive business days, the Company has regained compliance with the Minimum Bid Price Requirement
and this matter is now closed.
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.
Dated: July 10, 2023 |
Steel Connect, Inc. |
|
|
|
|
By: |
/s/
Jason Wong |
|
|
Name: |
Jason Wong |
|
|
Title: |
Chief Financial Officer |
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Jul. 07, 2023 |
Document Type |
8-K
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Amendment Flag |
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|
Document Period End Date |
Jul. 07, 2023
|
Entity File Number |
001-35319
|
Entity Registrant Name |
Steel Connect, Inc.
|
Entity Central Index Key |
0000914712
|
Entity Tax Identification Number |
04-2921333
|
Entity Incorporation, State or Country Code |
DE
|
Entity Address, Address Line One |
590 Madison Avenue
|
Entity Address, Address Line Two |
32nd Floor
|
Entity Address, City or Town |
New York
|
Entity Address, State or Province |
NY
|
Entity Address, Postal Zip Code |
10022
|
City Area Code |
212
|
Local Phone Number |
520-2300
|
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Entity Emerging Growth Company |
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|
Common Stock, $0.01 par value |
|
Title of 12(b) Security |
Common Stock, $0.01 par value
|
Trading Symbol |
STCN
|
Security Exchange Name |
NASDAQ
|
Rights to Purchase Series D Junior Participating Preferred Stock |
|
Title of 12(b) Security |
Rights to Purchase Series D Junior Participating Preferred Stock
|
Trading Symbol |
None
|
Security Exchange Name |
NASDAQ
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