SUNSHINE HEART,INC. (NASDAQ:SSH) Files An 8-K Other EventsItem 8.01 Other Events.
As previously disclosed by Sunshine Heart, Inc. (the “Company”) in a Current Report on Form 8-K filed on March 29, 2017, on March 28, 2017, the Company was notified by The NASDAQ Stock Market LLC (“Nasdaq”) that the Nasdaq Hearings Panel (the “Panel”) had granted the Company’s request for continued listing on Nasdaq to an extension through May 10, 2017 to evidence compliance with all applicable criteria for continued listing on The Nasdaq Capital Market; and specifically, the minimum $2.5 million stockholders’ equity requirement.
As previously disclosed by the Company via press release on April 24, 2017, and a Current Report on Form 8-K filed on April 25, 2017, the Company recently completed an underwritten public offering of units for gross proceeds of $9.2 million (the “Offering”). As a result of the Offering, the Company believes it now has stockholders’ equity in excess of the minimum $2.5 million requirement for continued listing on The Nasdaq Capital Market. The Company is awaiting confirmation from Nasdaq that it has evidenced compliance with all applicable requirements for continued listing on the exchange.
