Current Report Filing (8-k)
August 24 2021 - 5:17PM
Edgar (US Regulatory)
0001522690
false
0001522690
2021-08-18
2021-08-18
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
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):
August 18, 2021
GWG Holdings, Inc.
(Exact name of registrant as specified in its charter)
Commission File Number: 001-36615
Delaware
|
|
26-2222607
|
(State or other jurisdiction
of
incorporation)
|
|
(IRS Employer
Identification No.)
|
325 North St. Paul Street, Suite 2650, Dallas,
TX 75201
(Address of principal executive offices, including
zip code)
(612) 746-1944
(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:
|
o
|
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))
|
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 Shares
|
|
GWGH
|
|
Nasdaq Capital Markets
|
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 o
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. o
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued
Listing Rule or Standard; Transfer of Listing
On August 18, 2021, GWG Holdings, Inc. (the “Company”)
received a Staff Determination letter from the Listing Qualifications Staff of The Nasdaq Stock Market LLC indicating that the Company
had not established compliance with Rule 5250(c)(1) because the Company has not yet filed its Quarterly Report on Form 10-Q for the quarter
ended June 30, 2021. As a result, the Company’s common stock is subject to delisting from The Nasdaq Capital Market.
As described in the Company’s Current Report on Form 8-K filed
with the Securities and Exchange Commission (the “SEC”) on August 3, 2021, the Company is working to complete a restatement
of, and file amended financial statements with the SEC for, the year ended December 31, 2019 and the first three quarters of 2020. Once
the restatements are complete, the Company intends to file its Annual Report on Form 10-K for the year ended December 31, 2020 and its
Quarterly Reports on Form 10-Q for the quarters ended March 31, 2021 and June 30, 2021.
On August 24, 2021, the Company issued a press release regarding these
matters, which is filed as an exhibit to this report and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly
authorized.
|
GWG HOLDINGS, INC.
|
|
|
|
Date: August 24, 2021
|
By:
|
/s/ Murray T. Holland
|
|
Name:
|
Murray T. Holland
|
|
Title:
|
Chairman, President and Chief Executive Officer
|
EXHIBIT INDEX
3
GWG (NASDAQ:GWGH)
Historical Stock Chart
From Apr 2024 to May 2024
GWG (NASDAQ:GWGH)
Historical Stock Chart
From May 2023 to May 2024