- Report of Foreign Issuer (6-K)
September 21 2009 - 4:17PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
REPORT
OF FOREIGN PRIVATE ISSUER
PURSUANT
TO RULE 13a-16 OR 15d-16 UNDER
THE
SECURITIES EXCHANGE ACT OF 1934
For
the month of September, 2009
Commission
file number: 000-30910
VUANCE
LTD.
(Translation
of registrant’s name into English)
Sagid
House “Hasharon Industrial Park”
P.O.
Box 5039
Qadima
60920, ISRAEL
(Address
of principal executive office)
Indicate
by check mark whether the registrant files or will file annual reports under
cover Form 20-F or Form 40-F.
Form
20-F
x
Form
40-F
o
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(1):
o
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(7):
o
Indicate
by check mark whether the registrant by furnishing the information contained in
this Form is also thereby furnishing the information to the Commission pursuant
to Rule 12g3-2(b) under the Securities Exchange Act of
1934. Yes
o
No
x
If “Yes”
is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82-
On
September 16, 2009, Vuance Ltd. (the “Company”) received a letter from The
NASDAQ Stock Market (“Nasdaq”) stating that the minimum bid price of the
Company's listed securities was below $1.00 per share for 30 consecutive
business days, using the period beginning August 3, 2009 through September 14,
2009, and that the Company was therefore not in compliance with Marketplace Rule
5550(a)(2) (the “Rule”).
The
notification letter states that the Company will be afforded a grace period of
180 calendar days, or until March 15, 2010, to regain compliance with the
minimum closing bid price requirement. To regain compliance, the closing bid
price of the Company's security must meet or exceed $1.00 per share for a
minimum of ten consecutive business days.
If the
Company does not regain compliance by March 15, 2010, NASDAQ will provide
written notification to the Company that the Company's securities are subject to
delisting. Alternatively, the Company may be eligible for an
additional grace period if it meets the initial listing standards, with the
exception of bid price, for The Nasdaq Capital Market. If it meets
the initial listing criteria, Nasdaq Staff will notify the Company that it has
been granted an additional 180 calendar day compliance period
On
September 21, 2009, the Company issued a press release announcing the
receipt of the Nasdaq notification letter. A copy of the press release is
included as Exhibit 99.1 to this Form 6-K.
|
Exhibit
Number
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|
Exhibit
Title
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99.1
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|
Press
release of the Company dated as of September 21,
2009.
|
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, thereunto
duly authorized.
|
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Vuance
Ltd.
(formerly,
SuperCom Ltd.)
|
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/s/
Eyal Tuchman
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By:
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__________________________
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Name:
Eyal Tuchman
|
|
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Title:
Chief Executive Officer
|
Date:
September 21, 2009
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