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
The following is filed as an Exhibit to this Current Report on Form 8-K:
99.1 Press Release issued by Glori Energy Inc. dated August 28, 2014.