0001354457-12-000279.txt : 20121207
0001354457-12-000279.hdr.sgml : 20121207
20121207094506
ACCESSION NUMBER: 0001354457-12-000279
CONFORMED SUBMISSION TYPE: 25-NSE
CONFIRMING COPY:
PUBLIC DOCUMENT COUNT: 2
FILED AS OF DATE: 20121207
DATE AS OF CHANGE: 20121207
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: ORCKIT COMMUNICATIONS LTD
CENTRAL INDEX KEY: 0001021620
STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE & TELEGRAPH APPARATUS [3661]
IRS NUMBER: 000000000
STATE OF INCORPORATION: L3
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 25-NSE
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-28724
BUSINESS ADDRESS:
STREET 1: 38 NAHALAT YITZHAK ST
STREET 2: TEL AVIV
CITY: ISRAEL
STATE: L3
ZIP: 67448
BUSINESS PHONE: 01197236962121
MAIL ADDRESS:
STREET 1: 38 NAHALAT YITZHAK ST
STREET 2: TEL AVIV
CITY: ISRAEL
STATE: L3
ZIP: 67448
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: NASDAQ Stock Market LLC
CENTRAL INDEX KEY: 0001354457
IRS NUMBER: 521165937
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 25-NSE
BUSINESS ADDRESS:
STREET 1: 9600 BLACKWELL RD
CITY: ROCKVILLE
STATE: MD
ZIP: 20850
BUSINESS PHONE: 301-978-4144
MAIL ADDRESS:
STREET 1: 9600 BLACKWELL RD
CITY: ROCKVILLE
STATE: MD
ZIP: 20850
25-NSE
1
primary_doc.xml
X0203
0001354457
NASDAQ Stock Market LLC
0001021620
ORCKIT COMMUNICATIONS LTD
000-28724
126 Yigal Allon Street
Tel Aviv
L3
ISRAEL
67443
972 36962121
Ordinary shares
17 CFR 240.12d2-2(b)
Amy Horton
Associate General Counsel
2012-12-07
EX-99.25
2
orctdelistreason.txt
On December 30, 2011, NASDAQ Listing Qualifications staff (Staff) notified
Orckit Communications Ltd. (Company) that it determined to delist the
Company based on its failure to provide a definitive plan to regain
compliance with Rule 5450(b)(1)(A). On January 10, 2012, the Company
exercised its right to appeal the Staffs determination to the Listing
Qualifications Hearings Panel (Panel) pursuant to Rule 5815. On March 29,
2012, the Panel issued a decision that transferred the Companys shares to
the Capital Market, effective at the open of business on March 30, 2012,
and continued the listing on that market subject to it publicly announcing
no later than June 27, 2012 on a Form 8-K that the Company has $2.5 million
or greater stockholders equity and meets all other Capital Market continued
listing standards, and providing stockholders equity projections showing
continued compliance with the equity rule through 2012. On May 10, 2012, the
Nasdaq Listing and Hearing Review Council (Council) informed the Company that
pursuant to Rule 5820(b) it had called the March 29, 2012 Panel decision for
review and that the Listing Council review will initiate upon the conclusion
of the matter before Panel. On June 20, 2012, the Panel issued a decision to
delist the Companys stock and suspended the Companys listing. On July 3,
2012, the Company exercised its right to appeal the June 20, 2012 Panel
decision to the pursuant to Rule 5820(a). On August 17, 2012, the Council
issued a decision that affirmed the Panel decision to delist the Companys
securities. On November 19, 2012, the Company was provided notice that the
Nasdaq Board of Directors declined to call the Council decision for review
pursuant to Rule 5825(a).