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GLORI ENERGY INC. FILES (8-K) Disclosing Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing, Other Events, Financial Statements and Exhibits

August 29, 2014



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

The information contained in Item 8.01 is hereby incorporated into this Item 3.01 to the extent it is applicable.

Item 8.01 Other Events.



On August 25, 2014, Glori Energy Inc. (the "Company") received a written notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") indicating the Company's initial listing application for its common stock has been approved. The Company also received a notice advising it that the Company's warrants do not meet the minimum 400 Round Lot Holder requirement for initial listing on The Nasdaq Capital Market under Nasdaq Listing Rule 5515(a)(4). Nasdaq determined that the Company is not in compliance with the requirements of Nasdaq Listing Rule IM-5101-2, solely with respect to its warrants, following the Company's recent business combination. As a result, the Nasdaq staff provided notice that, absent an appeal by the Company, they will delist the Company's warrants from The Nasdaq Stock Market effective at the open of business on Thursday, September 4, 2014. The Company has determined that it will not appeal.

This delisting notice relates solely to the Company's warrants, and shares of the Company's common stock remain unchanged and will continue to trade on Nasdaq under the symbol "GLRI".

Item 9.01 Financial Statements and Exhibits

(d) Exhibits.



The following is filed as an Exhibit to this Current Report on Form 8-K:

Exhibit Number Description 99.1 Press Release issued by Glori Energy Inc. dated August 28, 2014.


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Source: Edgar Glimpses


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