UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
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(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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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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:
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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 August 27, 2019, ServiceSource International, Inc. (the “Company” or “ServiceSource”) received a letter (the “Letter) from the Nasdaq Listing Qualifications Department of the Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, for the last 30 consecutive business days, the closing bid price for the Company’s common stock has closed below a minimum of $1.00 per share required for continued listing on the Nasdaq Global Market pursuant to Nasdaq Listing Rule 5450(a)(1). In accordance with Nasdaq Listing Rule 5810(c)(3)(A)(i), the Company was given 180 calendar days, or until February 24, 2020, to regain compliance with Rule 5450(a)(1).
The Letter further provides that if, at any time during the 180-day period, the closing bid price of the Company’s common stock is at least $1.00 for a minimum of ten consecutive business days, Nasdaq will provide the Company with written confirmation that it has achieved compliance under Rule 5810(c)(3)(A).
The Letter has no immediate effect on the listing of the Company’s common stock, and its common stock will continue to trade on Nasdaq during the 180-day compliance period. The Company intends to actively monitor its closing bid price for its common stock between now and February 24, 2020 and will take actions designed to cure the deficiency within the prescribed compliance period.
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.
SERVICESOURCE INTERNATIONAL, INC. | ||||||
Date: August 30, 2019 |
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By: |
/s/ Patricia Elias | |||||
Name: |
Patricia Elias | |||||
Title: |
Executive Vice President, General Counsel |
Document and Entity Information |
Aug. 27, 2019 |
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Cover [Abstract] | |
Entity Address, State or Province | CO |
Amendment Flag | false |
Entity Central Index Key | 0001310114 |
Document Type | 8-K |
Document Period End Date | Aug. 27, 2019 |
Entity Registrant Name | ServiceSource International, Inc. |
Entity Incorporation State Country Code | DE |
Entity File Number | 001-35108 |
Entity Tax Identification Number | 81-0578975 |
Entity Address, Address Line One | 707 17th Street, 25th Floor |
Entity Address, City or Town | Denver |
Entity Address, Postal Zip Code | 80202 |
City Area Code | (720) |
Local Phone Number | 889-8500 |
Written Communications | false |
Soliciting Material | false |
Pre Commencement Tender Offer | false |
Pre Commencement Issuer Tender Offer | false |
Security 12b Title | Common Stock, par value $0.0001 per share |
Trading Symbol | SREV |
Security Exchange Name | NASDAQ |
Entity Emerging Growth Company | false |