Current Report Filing (8-k)
March 05 2015 - 4:41PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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): March 3, 2015
IKANOS COMMUNICATIONS, INC.
(Exact Name of Registrant as Specified in Charter)
______________________________________
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Delaware | | 000-51532 | | 73-1721486 |
(State or Other Jurisdiction of Incorporation) | | (Commission File Number) | | (IRS Employer Identification No.) |
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47669 Fremont Boulevard Fremont, California | | 94538 |
(Address of Principal Executive Offices) | | (Zip Code) |
(510) 979-0400
(Registrant’s telephone number, including area code)
N/A
(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 obligations 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) |
¨ | 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)) |
On March 5, 2015, Ikanos Communications, Inc. (the “Company”) announced that it has received notice from The NASDAQ Stock Market (“NASDAQ”) confirming that the Company has regained compliance with the $1.00 minimum bid price requirement for continued listing on The NASDAQ Capital Market.
The Company had previously announced that it had received notice from NASDAQ that the bid price of the Company’s common stock had closed below the minimum $1.00 per share requirement and, as a result, the Company was not in compliance with Listing Rule 5550(a)(2) (the “Rule”). The Company was provided with 180 days, or until September 15, 2014, to regain compliance with the Rule. On September 16, 2014, the Company was notified by NASDAQ that it was eligible for an additional 180 calendar day period, or until March 16, 2015, to meet the minimum $1.00 bid price per share requirement for The NASDAQ Capital Market. Following the reverse stock split that was effective as of February 13, 2015, NASDAQ on March 3, 2015, confirmed to the Company that, as a result of the Company’s common stock closing with a bid price of at least $1.00 for at least 10 consecutive days, that the Company has regained compliance with the minimum bid price rule and the matter is now closed.
A copy of the Company’s press release is filed herewith as Exhibit 99.1 to this Form 8-K and is incorporated herein by reference.
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Item 9.01 | Financial Statements and Exhibits. |
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Exhibit 99.1 | | Press release issued by Ikanos Communications, Inc. dated March 5, 2015. |
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.
Dated: March 5, 2015
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IKANOS COMMUNICATIONS, INC. |
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By: | /s/ ANDREW S. HUGHES |
| Andrew S. Hughes Vice President, General Counsel & Corporate Secretary |
EXHIBIT INDEX
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Exhibit Number | | Description of Exhibit |
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99.1 | | Press release issued by Ikanos Communications, Inc. dated March 5, 2015. |
Exhibit 99.1
Press Release
Ikanos Regains NASDAQ Compliance
FREMONT, CA, March 5, 2015 – Ikanos Communications, Inc. (NASDAQ:IKAN), a leading provider of advanced broadband semiconductor and software products for the connected home, today announced that it has received notice from The NASDAQ Stock Market that the company has regained compliance with the $1.00 minimum bid price requirement for continued listing on The NASDAQ Capital Market.
As previously reported, NASDAQ had notified the company that the bid price of the company’s common stock had closed below the minimum $1.00 per share requirement and, as a result, the company was not in compliance with Listing Rule 5550(a)(2). After completion of a reverse stock split that occurred on February 13, 2015, NASDAQ on March 3, 2015, notified the company that the closing bid price of its common stock has been at $1.00 per share or greater for at least 10 consecutive business days, and, accordingly, NASDAQ has confirmed to the company that it has regained compliance with the minimum bid price rule and that the matter is now closed.
About Ikanos Communications, Inc.
Ikanos Communications, Inc. (NASDAQ:IKAN) is a leading provider of advanced broadband semiconductor and software products for the connected home. The company’s DSL, communications processors and other offerings power infrastructure and customer premises equipment for many of the world’s leading network equipment manufacturers and telecommunications service providers. For more information, visit www.ikanos.com.
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© 2015 Ikanos Communications, Inc. All Rights Reserved. Ikanos Communications, Ikanos and the Ikanos logo, the Bandwidth without Boundaries tagline, Fusiv, Ikanos Velocity, and Ikanos NodeScale are among the trademarks or registered trademarks of Ikanos Communications. All other trademarks mentioned herein are properties of their respective holders.
Ikanos Media Contact:
Gary Good
Trainer Communications
707-837-1718
Ikanos@trainercomm.com
Investor Relations Contact:
MKR Group, Inc.
Todd Kehrli or Jim Byers
(323) 468-2300
ikan@mkr-group.com
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