MAGNEGAS CORPORATION (NASDAQ:MNGA) Files An 8-K Other Events
Item 8.01Other Events.
On June 7, 2017, MagneGas Corporation (the Company) issued a
press release announcing that on June 6, 2017, the Company
received a letter from The NASDAQ Stock Market LLC (NASDAQ)
stating that because the Companys shares had a closing bid price
at or above $1.00 per share for a minimum of ten (10) consecutive
business days, the Companys stock had regained compliance with
the minimum bid price requirement of $1.00 per share for
continued listing on the NASDAQ Global Market, as set forth in
NASDAQ Listing Rule 5450(a)(1), and that the matter is now
closed.
A copy of the press release that discusses this matter is filed
as Exhibit 99.1 to, and incorporated by reference in, this
report. The information in this Current Report is being furnished
and shall not be deemed filed for the purposes of Section 18 of
the Securities Exchange Act of 1934 or otherwise subject to the
liabilities of that Section. The information in this Current
Report shall not be incorporated by reference into any
registration statement or other document to the Securities Act of
1933, except as shall be expressly set forth by specific
reference in any such filing.
| Item 9.01 | Financial Statements and Exhibits. |
(d)Exhibits.
| Exhibit No. | Description |
| 99.1 |
Press Release, dated June 7, 2017, issued by MagneGas Corporation. |
About MAGNEGAS CORPORATION (NASDAQ:MNGA)
MagneGas Corporation is an alternative energy company. The Company creates and produces hydrogen-based alternative fuel through the gasification of carbon-rich liquids, including certain liquids and liquid wastes. The Company is also developing the use of fuel for co-combustion with hydrocarbon fuels to reduce emissions. The Company also markets, for sale or licensure, its plasma arc technology for the processing of liquid waste (the Plasma Arc Flow System). Its products include the fuel called MagneGas2 for the metal working industry, the equipment primarily known in the firefighting industry, known as MagneTote, and the machines that produce MagneGas2, known as Plasma Arc Flow refineries. In addition, the Company sells metal cutting fuels and ancillary products through its subsidiary, Equipment Sales and Service, Inc. (ESSI), a Florida corporation. It distributes products through several industrial gas companies in California, Michigan, Florida, Georgia, Indiana, and Pennsylvania.
