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SILVER EAGLE ACQUISITION CORP. FILES (8-K) Disclosing Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

June 12, 2014



Item 3.01(a) Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

As previously reported in a Current Report on Form 8-K filed with the Securities and Exchange Commission ("Commission") on December 4, 2013, Silver Eagle Acquisition Corp. (the "Company") received a written notice (the "Notice") on December 3, 2013, from the staff of the Listing Qualifications Department of The Nasdaq Stock Market (the "Nasdaq Staff") indicating that the Company was not in compliance with Listing Rule 5550(a)(3) (the "Minimum Public Holders Rule"), which requires the Company to have at least of 300 public holders for continued listing on the NASDAQ Capital Market. Subsequently, the Nasdaq Staff accepted the Company's plan to regain compliance with the Minimum Public Holders Rule and provided the Company until June 2, 2014 to evidence such compliance. On June 6, 2014, the Company received a letter from the Nasdaq Staff stating that the Company had failed to evidence compliance with the Minimum Public Holders Rule by June 2, 2014, and that, accordingly, the Nasdaq Staff has determined to initiate procedures to delist the Company's common stock, units and warrants from The Nasdaq Stock Market. The Company has requested a hearing to appeal the Nasdaq Staff's determination. The Company's securities will continue to trade on The Nasdaq Capital Market while such appeal is pending. There can be no assurance whether the Company will be successful in its appeal of the delisting determination.


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Source: Edgar Glimpses


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