REAL GOODS SOLAR, INC. (NASDAQ:RGSE) Files An 8-K Other Events

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REAL GOODS SOLAR, INC. (NASDAQ:RGSE) Files An 8-K Other Events
Item 8.01Other Events.

As previously reported, Real Goods Solar, Inc. (the “Company”) attended a hearing before a Nasdaq Listing Qualifications Panel (the “Panel”) on December 15, 2016 related to the Company’s previously reported non-compliance with Nasdaq’s $2,500,000 minimum shareholders’ equity requirement under Nasdaq Listing Rule 5550(b)(1). On January 26, 2017, the Company received a determination letter from the Panel, dated January 25, 2017, providing notice to the Company that it had regained compliance with Nasdaq’s minimum shareholders’ equity requirement and as such is eligible for continued listing on Nasdaq.

The Panel further indicated, however, that the Company will remain subject to a “Panel Monitor” as that term is defined under Nasdaq Listing Rule 5815(d)(4)(A), through January 15, 2018. Under the terms of the Panel Monitor, in the event the Company’s shareholders’ equity falls below the $2,500,000 threshold (or any other requirement that would ordinarily require the Company to submit a compliance plan to the Nasdaq Staff) during the monitor period and the Company does not qualify for continued listing under an alternative to the shareholders’ equity requirement, the Panel will promptly conduct a hearing with respect to the shareholders’ equity deficiency.

There can be no assurance that the Company will continue to satisfy Nasdaq’s minimum shareholders’ equity requirement or any other applicable listing requirement during the Monitoring Period or thereafter.


REAL GOODS SOLAR, INC. (NASDAQ:RGSE) Recent Trading Information

REAL GOODS SOLAR, INC. (NASDAQ:RGSE) closed its last trading session 00.00 at 3.54 with 660,952 shares trading hands.