Healthcare Technologies Ltd - Report of Foreign Issuer (6-K)
December 17 2007 - 6:04AM
Edgar (US Regulatory)
FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
REPORT OF FOREIGN ISSUER
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of DECEMBER 2007
HEALTHCARE TECHNOLOGIES LTD.
(Translation of Registrant's name into English)
32 Shaham Street, Petach Tikva, Israel,
(Address of principal executive offices)
Indicate by check mark whether the Registrant files or will file annual reports
under cover of Form 20-F or Form 40-F:
Form 20-F [X] Form 40-F [_]
Table of Contents
Page
Healthcare Technologies Ltd. press release dated December 13, 2007 4
2
Form 6-K Signature Page
Pursuant to the requirements of the Securities and Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
HEALTHCARE TECHNOLOGIES LTD.
(Registrant)
By: /s/ Eran Rotem
------------------
Eran Rotem
Chief Financial Officer
Dated: December 17, 2007
|
3
FOR: Healthcare Technologies, Ltd.
CONTACT: Eran Rotem, CFO
+972-3-9277232/3
PRNEWSWIRE Mrs. Rakefet Sudri PR Newswire Israel
CONTACT: info@prnewswire.co.il
Cellular + 972 64 308081
|
HEALTHCARE TECHNOLOGIES, LTD. RECEIVES NOTICE FROM NASDAQ
PETACH TIKVA, Israel, December 13/PR Newswire-FirstCall/ - Healthcare
Technologies, Ltd. (NASDAQ: HCTL - News) announced that on December 10, 2007, it
received a notice from the Nasdaq Stock Market indicating that the Company is
not in compliance with Nasdaq Marketplace rule 4320(e)(2)(E)(i) (the "Bid Price
Rule") because the closing bid price per share for its ordinary shares has been
below $1.00 per share for 30 consecutive trading days. In accordance with Nasdaq
Marketplace Rules, the Company will be provided 180 calendar days, or until June
9, 2008, to regain compliance with the Bid Price Rule. This notification has no
affect on the listing of its ordinary shares at this time.
To regain compliance with the Bid Price Rule, the closing bid price of the
Company's ordinary shares must remain at $1.00 per share or more for a minimum
of ten consecutive trading days. If the Company does not regain compliance with
the Bid Price Rule by June 9, 2008, Nasdaq will determine whether it meets The
Nasdaq Capital Market initial listing criteria set forth in Marketplace Rule
4320(e), except for the bid price requirement. If it meets the initial listing
criteria, Nasdaq will notify the Company that it has been granted an additional
180 calendar day compliance period. If it is not eligible for an additional
compliance period, Nasdaq will provide the Company written notification that its
ordinary shares will be delisted. At that time, the Company may appeal Nasdaq's
determination to delist its ordinary shares to a Listings Qualifications Panel.
If the Company's ordinary shares are delisted, the Company anticipates that its
ordinary shares would be eligible for trading on the Over the Counter Bulletin
Board.
About Healthcare Technologies
Healthcare Technologies through it subsidiaries and affiliate, Gamidor
Diagnostics (1984) Ltd., Danyel Biotech Ltd. and Savyon Diagnostics Ltd.,
specializes in development, manufacturing and marketing of clinical diagnostic
test kits and provides services and tools to diagnostic and biotech research
professionals in laboratory and point of care sites worldwide.
SAFE HARBOR: This press release contains certain forward looking statements
within the meaning of section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934. With the exception of historical
information contained herein, the matters discussed in this press release
involve risk and uncertainties. Actual results could differ materially from
those expressed in any forward looking statement made by or on behalf of
Healthcare Technologies Ltd. Many factors could cause the actual results,
performance or achievements of Healthcare or the above described transaction to
be materially different from any future results, performance or achievements
that may be expressed or implied by such forward-looking.
4
Healthcare Technologies (NASDAQ:HCTL)
Historical Stock Chart
From Apr 2024 to May 2024
Healthcare Technologies (NASDAQ:HCTL)
Historical Stock Chart
From May 2023 to May 2024