root9B Holdings, Inc. (NASDAQ:RTNB) Files An 8-K Other EventsItem 8.01 Other Events
As previously disclosed, on October 3, 2017, root9B Holdings, Inc. (the “Company”) appealed the delisting determination to The Nasdaq Hearings Panel (the “Panel”) and was informed that a hearing date had been set for November 16, 2017. On October 13, 2017, the Company submitted an extension of the stay of delisting. The Company asked that the stay be extended until the Panel issues a final decision on the matter. On October 16, 2017, the Panel granted the Company’s request to extend the stay of suspension pending a hearing on November 16, 2017, and issuance of a final Panel decision.
On November 9, 2017, the Company informed the Panel that it would not attend the November 16, 2017 hearing and would not be able to cure the compliance issues previously reported. The Company is working with Nasdaq to begin the process of delisting the Company from the Nasdaq.
The Company continues to have no operating assets and no ability to generate revenue.
