przm20161118

0001437749-16-042507.txt : 20161122 0001437749-16-042507.hdr.sgml : 20161122 20161122110255 ACCESSION NUMBER: 0001437749-16-042507 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20161116 ITEM INFORMATION: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing FILED AS OF DATE: 20161122 DATE AS OF CHANGE: 20161122 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Prism Technologies Group, Inc. CENTRAL INDEX KEY: 0001077370 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 943220749 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-35359 FILM NUMBER: 162012070 BUSINESS ADDRESS: STREET 1: 101 PARKSHORE DR STREET 2: SUITE 100 CITY: FOLSOM STATE: CA ZIP: 95630 BUSINESS PHONE: 916-932-2860 MAIL ADDRESS: STREET 1: 101 PARKSHORE DR STREET 2: SUITE 100 CITY: FOLSOM STATE: CA ZIP: 95630 FORMER COMPANY: FORMER CONFORMED NAME: Internet Patents Corp DATE OF NAME CHANGE: 20111227 FORMER COMPANY: FORMER CONFORMED NAME: INSWEB CORP DATE OF NAME CHANGE: 19990507 8-K 1 przm20161118_8k.htm FORM 8-K przm20161118_8k.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 16, 2016

Prism Technologies Group, Inc.

(Exact name of registrant as specified in its charter)

Delaware (State or Other Jurisdiction of Incorporation)	0-26083 (Commission File Number)	94-3220749 (I.R.S. Employer Identification No.)

	101 Parkshore Dr., Suite 100 Folsom, California 95630 (Address of principal executive offices including zip code)

	(916) 932-2860 (Registrant’s telephone number, including area code)

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))

Item 3.01

Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On November 16, 2016, Prism Technologies Group, Inc. (the ”Company) was notified by Nasdaq that it was not in compliance with Listing Rule 5550(b)(1), requiring listed companies to maintain a minimum of $2,500,000 in stockholders’ equity. As of September 30, 2016, the Company reported stockholders’ equity of $2,386,000, and the Company does not meet alternative requirements based on the market value of listed securities or net income from continuing operations.

The Company has 45 calendar days, or until January 3, 2017, to submit a plan to Nasdaq to regain compliance with this Listing Rule. If the plan is accepted, Nasdaq can grant an extension of up to 180 calendar days from November 16, 2016 to evidence compliance. In determining whether to accept the Company’s plan, Nasdaq will consider such things as the likelihood that the plan will result in compliance with Nasdaq’s continued listing criteria, the Company’s past compliance history, the reasons for the Company’s current non-compliance, other corporate events that may occur within the review period, the Company’s overall financial condition and its public disclosures.

The Company is presently evaluating various courses of action concerning compliance with the listing rule.

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, hereunto duly authorized.

	PRISM TECHNOLOGIES GROUP, INC.


Date: November 17, 2016		By:	/s/ L. Eric Loewe
			Name: L. Eric Loewe
			Title: Senior Vice President, General Counsel and Secretary