0001354457-14-000141.txt : 20140911
0001354457-14-000141.hdr.sgml : 20140911
20140911092710
ACCESSION NUMBER: 0001354457-14-000141
CONFORMED SUBMISSION TYPE: 25-NSE
CONFIRMING COPY:
PUBLIC DOCUMENT COUNT: 2
FILED AS OF DATE: 20140911
DATE AS OF CHANGE: 20140911
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: ALVARION LTD
CENTRAL INDEX KEY: 0001108332
STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE & TELEGRAPH APPARATUS [3661]
IRS NUMBER: 000000000
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 25-NSE
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-30628
BUSINESS ADDRESS:
STREET 1: 21A HABAMEL ST
CITY: TEL AVIV ISRAEL
STATE: L3
ZIP: 69710
BUSINESS PHONE: 01197236454803
MAIL ADDRESS:
STREET 1: 21A HABAMEL ST
CITY: TEL AVIV
STATE: L3
ZIP: 69710
FORMER COMPANY:
FORMER CONFORMED NAME: BREEZECOM LTD
DATE OF NAME CHANGE: 20000302
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
0001108332
ALVARION LTD
000-30628
21A Habarzel Street
Tel Aviv
L3
ISRAEL
69710
97236456262
Ordinary Shares
17 CFR 240.12d2-2(b)
Amy Horton
Hearings Advisor
2014-09-11
EX-99.25
2
alvrdelistreason.txt
On July 17, 2013, NASDAQ Listing Qualifications staff (Staff) notified
Alvarion Ltd. (Company) that it determined to delist the Company based
on the Companys failure to comply with NASDAQ Rules 5101, 5110(b), and
IM-5101-1. On July 24, 2013, the Company exercised its right to appeal
Staffs determination to the Listing Qualifications Hearings Panel
(Panel) pursuant to NASDAQ Rule 5815. A Panel hearing was held on
October 3, 2013. On October 10, 2013, the Panel issued a decision that
granted the Company continued listing through January 13, 2014, subject
to certain conditions and milestones. On January 3, 2014, Staff informed
the Company that it was in violation of NASDAQ Rules 5620(a) and 5620(b)
for failing to hold an annual meeting and solicit proxies, and it was
also in violation of NASDAQ Rule 5250(c)(2) for failing to file a Form
6-K containing interim financial statements as of the end of the Companys
second quarter. Staff noted that such failures represent additional basis
for delisting the Companys securities. On January 13, 2014, the Company
informed the Panel that it was unable to meet the Panels exception
requirements. On January 14, 2014, the Panel issued a decision to delist
the Company. On January 19, 2014, the Company exercised its right to
appeal the January 17, 2013 Panel decision to the Nasdaq Listing and
Hearing Review Council (Council) pursuant to Rule 5820(a). On March 21,
2014, the Council issued a decision that reversed the January 14, 2014
Panel decision to delist the Companys securities and granted the Company
through July 12, 2014 to regain compliance. On April 24, 2014, the
Company was informed that the NASDAQ Board of Directors declined to call
for review the March 21, 2014 Council decision. On August 4, 2014, the
Council was informed that the Company did not regain compliance by the
July 12, 2014 extension date. On August 5, 2014, the Council informed
the Company that NASDAQ was filing a Form 25 pursuant to Rule 5830.