- Current report filing (8-K)

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

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FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of report (Date of earliest event reported)  July 8, 2010

 

InfoLogix, Inc.

(Exact Name of Registrant as Specified in its Charter)

 

Delaware		333-125575		20-1983837
(State or other jurisdiction		(Commission		(IRS Employer
of incorporation)		File Number)		Identification No.)

 

101 E. County Line Road, Hatboro, Pennsylvania		19040
(Address of principal executive offices)		(Zip Code)

 

Registrant’s telephone number, including area code:   [phone]

 

 

(Former name or former address, if changed since last report.)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

o             Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o             Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o             Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o             Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

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Item 8.01.              Other Events

 

On July 8, 2010, InfoLogix, Inc. (the “Company”) announced it received a letter from Nasdaq stating that the Nasdaq Hearings Panel (the “Panel”) granted the Company’s request for continued listing on the Nasdaq Stock Market subject to several conditions including, among other things, the occurrence of certain events by August 15, 2010 and the Company’s ability to regain compliance with all the requirements for continued listing on Nasdaq by October 18, 2010.  This extension represents the maximum length of time that a Nasdaq Hearings Panel may grant to regain compliance under the Nasdaq Listing Rules and, while the Company is diligently taking steps to comply with the conditions of the Panel decision, there can be no assurances that it will be able to do so.

 

As previously disclosed on Forms 8-K filed August 21, 2009, November 12, 2009, and April 23, 2010 with the Securities and Exchange Commission, the Company is not in compliance with Listing Rule 5550(b), which requires companies whose securities are listed on Nasdaq to (i) maintain a minimum of $2,500,000 in stockholders’ equity; (ii) have a minimum of $35,000,000 of market value of listed securities; or (iii) have net income from continuing operations of at least $500,000 in the most recently completed fiscal year or in two of the three most recently completed fiscal years.  Nasdaq denied the Company’s request for continued listing and notified the Company on April 20, 2010 that unless it requested an appeal, its common stock would be delisted.  The Company timely requested a hearing and its common stock remained listed pending the Panel’s decision.

 

The Company issued a press release announcing the Nasdaq Hearings Panel decision, which is attached hereto as Exhibit 99.1.

 

Item 9.01.              Financial Statements and Exhibits.

 

(d)        Exhibits.

 

Exhibit No.		Description
99.1		Press Release dated July 13, 2010 by InfoLogix, Inc. announcing the decision of the Nasdaq Hearings Panel.

 

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Signatures

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

	INFOLOGIX, INC.
Date: July 13, 2010	By:	/s/ John A. Roberts
		John A. Roberts
		Chief Financial Officer

 

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EXHIBIT INDEX

 

Exhibit No.		Description
99.1		Press Release dated July 13, 2010 by InfoLogix, Inc. announcing the decision of the Nasdaq Hearings Panel.

 

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