Jamba, Inc. (NASDAQ:JMBA) Files An 8-K Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

Jamba, Inc. (NASDAQ:JMBA) Files An 8-K Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

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

March 21, 2017, the Company received a letter from The Nasdaq
Stock Market LLC (Nasdaq) indicating that the Company is not in
compliance with the filing requirements for continued listing
under Nasdaq Listing Rule 5250(c)(1) as a result of the Companys
delay in filing its Annual Report on Form 10-K for 2016.

The Nasdaq letter states that the Company has 60 calendar days to
submit to Nasdaq a plan to regain compliance with the Nasdaq
Listing Rules. If Nasdaq accepts the Companys plan, then Nasdaq
may grant the Company up to 180 days from the prescribed due date
for filing the Form 10-K to regain compliance. If Nasdaq does not
accept the Companys plan, then the Company will have the
opportunity to appeal that decision to a Nasdaq Hearings Panel.

The Company does not currently expect submission of a compliance
plan will be necessary as it anticipates filing its Form 10-K for
2016 prior to the expiration of the 60 day period. The Company
anticipates that it will fully regain compliance with the Nasdaq
continued listing requirements upon such filing of its Form 10-K.

The Company issued a press release on March 24, 2017 disclosing
the Companys receipt of the Nasdaq notification letter. A copy of
the press release is attached as Exhibit 99.1 hereto.

Item 9.01

Financial Statements and Exhibits.

(d)

Exhibits.

Exhibit No.

Description

99.1

Press release dated March 24, 2017.


About Jamba, Inc. (NASDAQ:JMBA)

Jamba, Inc. is a restaurant retailer of specialty food and beverage offerings. The Company operates through retail segment. The Company’s offerings include whole fruit smoothies, squeezed juices and juice blends, Energy Bowls, and a range of food items including, hot oatmeal, breakfast wraps, sandwiches, Artisan Flatbreads, baked goods and snacks. The Company, through its subsidiary, Jamba Juice Company, operates a lifestyle brand. The Company has a global business driven by a portfolio of franchised and company-owned Jamba Juice stores, and licensed JambaGO and Jamba Juice Express formats. The Company has approximately 890 Jamba Juice stores globally, consisting of over 70 company-owned and operated stores, all located in the United States (Company Stores), approximately 740 franchisee-owned and operated stores (Franchise Stores) in the United States, and over 70 Franchise Stores in international locations (International Stores), collectively the (Jamba System).

Jamba, Inc. (NASDAQ:JMBA) Recent Trading Information

Jamba, Inc. (NASDAQ:JMBA) closed its last trading session 00.00 at 9.25 with 165,974 shares trading hands.

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