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): July 12, 2016 (July 11, 2016)
Inventergy Global, Inc.
(Exact name of registrant as specified in its charter)
Delaware | 000-26399 | 62-1482176 |
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
900 E. Hamilton Avenue #180 Campbell, CA |
95008 |
(Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: (408) 389-3510
Not Applicable
(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 to 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 8.01 | Other Events. |
On July 11, 2016, Inventergy Global, Inc. (the “Company”) received notice from The Nasdaq Stock Market (“Nasdaq”) that the Nasdaq Hearings Panel had granted the Company an extension (the “Extension”) to regain compliance with the Nasdaq continued listing requirements. The Extension is subject to conditions which require the Company to complete certain forecasted transactions prior to August 31, 2016 and October 15, 2016, both of which are expected to result in the Company regaining compliance with the $2.5 million stockholders’ equity requirement. Failure to comply with the conditions of the Nasdaq Hearings Panel could result in the delisting of the Company’s securities from Nasdaq. There can be no assurance that the Company will be able to satisfy the conditions required for the Extension.
Item 9.01. | Financial Statements and Exhibits. |
(d) | Exhibits |
99.1 | Press release, dated July 12, 2016 |
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.
Dated: July 12, 2016
INVENTERGY GLOBAL, INC. | |||
By: | /s/ Joseph W. Beyers | ||
Name: Joseph W. Beyers | |||
Title: Chief Executive Officer |
Exhibit 99.1
Inventergy Announces Favorable Ruling by Nasdaq
Company Maintains Stock Listing
CAMPBELL, CA -- (Marketwired) -- 07/12/16 -- Inventergy Global, Inc. (NASDAQ: INVT) ("Inventergy"), today announced that it has received notice from the Nasdaq Hearings Panel that the Company’s request for continued listing on The Nasdaq Stock Market LLC (“Nasdaq”) has been approved, subject to certain conditions. The conditions require Inventergy to complete certain forecasted transactions by August 31, 2016 and October 31, 2016 which will result in the Company regaining and maintaining compliance with Nasdaq’s minimum stockholders’ equity requirement of $2.5 million.
Joe Beyers, Chairman and CEO of Inventergy, said, "We are very pleased with the ruling of the Nasdaq Hearings Panel. We are confident we will meet the required conditions and maintain Nasdaq’s stockholders’ equity criteria going forward."
About Inventergy Global, Inc.
Inventergy Global, Inc. is Silicon Valley-based intellectual property company dedicated to identifying, acquiring and licensing
patented technologies of market-significant technology leaders. Led by IP industry pioneer and veteran Joe Beyers, the Company
leverages decades of corporate experience, market and technology expertise, and industry connections to assist Fortune 500 companies
and other technology companies in leveraging the value of their innovations to achieve greater returns. For more information about
Inventergy Global, visit www.inventergy.com.
Cautionary Statement Regarding Forward-Looking Statements
This press release includes "forward-looking statements" intended to qualify for the safe harbor from liability established
by the Private Securities Litigation Reform Act of 1995. These statements include statements about our plans, strategies, financial
performance, prospects or future events and involve both known and unknown risks that are difficult to predict. As a result, our
actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements.
These statements may be identified by the use of words like "anticipate," "believe," "estimate,"
"expect," "intend," "may," "plan," "will," "should," "seek"
and similar expressions and include any projections or estimates set forth herein. Such forward-looking statements are necessarily
based upon estimates and assumptions that, while considered reasonable by Inventergy and our management team, are inherently uncertain.
A more complete description of these risks and uncertainties can be found in our filings with the U.S. Securities and Exchange
Commission. We caution you not to place undue reliance on any forward-looking statements, which are made as of the date of this
press release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results,
new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except
to the extent required by applicable laws. If we update one or more forward-looking statements, no inference should be drawn that
we will make additional updates with respect to those or other forward-looking statements.
Contact:
Robert Haag
IRTH Communications
INVT@irthcommunications.com
866-976-4784
inventergy.com / 900 E. Hamilton Avenue, Suite 180 / Campbell, CA 95008