Current Report Filing (8-k)
19 Mai 2023 - 10:07PM
Edgar (US Regulatory)
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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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