Current Report Filing (8-k)
19 Maio 2023 - 5:07PM
Edgar (US Regulatory)
0001634447
false
0001634447
2023-05-19
2023-05-19
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
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): May 19, 2023 (May 16, 2023)
ISUN,
INC.
(Exact
name of registrant as specified in its charter)
Delaware |
|
001-37707 |
|
|
(State
or other jurisdiction of
incorporation or organization) |
|
(Commission
File
Number) |
|
(I.R.S.
Employer
Identification Number) |
400 Avenue D, Suite 10, Williston, Vermont 05495
(Address of Principal Executive Offices) (Zip Code)
(802)
658-3378
(Registrant’s telephone number, including area code)
(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:
☐ |
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)) |
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
Stock, $0.0001 par value per share |
|
ISUN |
|
Nasdaq
Capital Market |
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 ☒
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.
Item
3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On
May 16, 2023,iSun, Inc. (the “Company”) received notice (the “Delisting Notice”) from The Nasdaq Stock Market
(“Nasdaq”) that it is no longer in compliance with Listing Rule 5550(a)(2) (the “Bid Price Requirement”), which
requires listed securities to maintain a minimum bid price of $1 per share over a period of 30 consecutive business days.
Pursuant
to Listing Rule 5810(c)(3)(A), the Company has a period of 180 calendar days following the receipt of the Delisting Notice to regain
compliance with the Bid Price Requirement, with the possibility of extension at the discretion of Nasdaq. The Company can regain compliance
with the Bid Price Requirement if at any time during the 180 calendar day cure period, the closing bid price of the Company’s security
is at least $1 for a minimum of ten consecutive business days.
The
Delisting Notice does not affect the Company’s business operations or its Securities and Exchange Commission reporting requirements.
Item
9.01. Financial Statements and Exhibits.
(d)
Exhibits
SIGNATURE
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:
May 19, 2023
|
iSun,
Inc. |
|
|
|
|
By: |
/s/
Jeffrey Peck |
|
Name: |
Jeffrey
Peck |
|
Title: |
Chief
Executive Officer |
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