SUNSHINE HEART,INC. (NASDAQ:SSH) Files An 8-K Other EventsItem 8.01 Other Events.
On May 4, 2017, Sunshine Heart, Inc. (the “Company”) was formally notified by The NASDAQ Stock Market LLC (“Nasdaq”) that the Company has regained compliance with the minimum stockholders’ equity requirement and is in compliance with all other applicable requirements for listing on The Nasdaq Capital Market. As a result of the foregoing, the Nasdaq listing matter has been closed.
As disclosed in a Current Report on Form 8-K filed on March 29, 2017, on March 28, 2017, the Company was notified by Nasdaq that the Nasdaq Hearings Panel had granted the Company’s request for continued listing 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 disclosed in a Current Report on Form 8-K filed on April 25, 2017, the Company completed an underwritten public offering for gross proceeds of $9.2 million, which resulted in the Company’s compliance with the minimum $2.5 million stockholders’ equity requirement for continued listing on The Nasdaq Capital Market.