UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): April 4, 2017 (March 29, 2017)

         

ATLANTIC ALLIANCE PARTNERSHIP CORP.

(Exact name of registrant as specified in its charter)

  

British Virgin Islands   001-37360   N/A
(State or other jurisdiction
of incorporation) 		  (Commission
File Number) 		  (IRS Employer
Identification No.)

 

590 Madison Avenue

New York, New York 10022
(Address of principal executive offices, including Zip Code)

 

(212) 409-2434

(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 to the registrant under any of the following provisions:

 

☐ 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))

 

 

 

Item 3.01.     Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

 

On March 29, 2017, Atlantic Alliance Partnership Corp. (the “Company”) received a written notice (the “ Notice ”) from the Listing Qualifications Department of The Nasdaq Stock Market (“ Nasdaq ”) indicating that the staff of Nasdaq has determined that the Company currently does not comply with Listing Rule 5550(a)(3) (the “ Minimum Holders Rule ”), which requires the Company to have at least 300 public holders of its ordinary shares for continued listing on Nasdaq.

 

The Notice stated that, no later than May 15, 2017, the Company is required to submit a plan to regain compliance with the Minimum Holders Rule. The Company intends to submit a plan with Nasdaq on or before May 15, 2017 to regain compliance and maintain its Nasdaq listing. If Nasdaq accepts the Company’s plan, Nasdaq may grant the Company an extension of up to 180 calendar days from the date of the Notice to evidence compliance with the Minimum Holders Rule. If Nasdaq does not accept the Company’s plan, the Company will have the opportunity to appeal the decision in front of a Nasdaq Hearings Panel.

 

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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.

 

 

Dated: April 4, 2017 ATLANTIC ALLIANCE PARTNERSHIP CORP.
     
  By:  /s/ Jonathan Mitchell
    Name: Jonathan Mitchell 
    Title:   Chief Financial Officer

 

 

 

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