UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
June 17, 2020
(Date of earliest event reported)
Cinedigm Corp.
(Exact name of registrant as specified in its charter)
Delaware | 001-31810 | 22-3720962 |
(State or other jurisdiction
of incorporation) |
(Commission File Number) |
(IRS Employer
Identification No.) |
237 West 35th Street, Suite 605, New York, New York | 10001 |
(Address of principal executive offices) | (Zip Code) |
212-206-8600
(Registrant’s telephone number, including area code)
(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 (see General Instruction A.2. below):
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ¨
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transmission period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
¨
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
Class A Common Stock | CIDM | Nasdaq Global Market |
Item 8.01 | Other Events. |
On June 17, 2020, Cinedigm Corp. (the “Company”) was notified by The Nasdaq Stock Market (“Nasdaq”) that the bid price deficiency of the Company’s Class A Common Stock has been cured and that the Company is in compliance with Nasdaq Listing Rule 5450(a)(1), and that Nasdaq considers the matter closed.
On June 17, 2020, the Company issued a press release announcing such compliance, a copy of which is filed herewith as Exhibit 99.1.
Item 9.01 | Financial Statements and Exhibits. |
(d) | EXHIBIT INDEX |
Exhibit No. | Description |
99.1 | Press Release issued on June 17, 2020. |
SIGNATURE
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 thereunto duly authorized.
CINEDIGM CORP. | |||
Dated: June 17, 2020 | By: | /s/ Gary S. Loffredo | |
Gary S. Loffredo | |||
Chief Operating Officer, President of Digital Cinema, General Counsel and Secretary |
Exhibit 99.1
Cinedigm Corp. Regains Compliance With Nasdaq Listing Rule 5450(a)(1)
LOS ANGELES, June 17, 2020 -- Cinedigm Corp. ("Cinedigm" or the "Company") (NASDAQ: CIDM) received formal notification from The Nasdaq Stock Market LLC ("Nasdaq") that the Company has regained compliance with Listing Rule 5450(a)(1), which requires the Company's common stock to maintain a minimum bid price of $1.00 per share. The Nasdaq staff made this determination of compliance after the closing bid price of the Company's common stock was at $1.00 per share or greater for the prior 10 consecutive business days.
Nasdaq had previously notified the Company of its non-compliance with Listing Rule 5450(a)(1) on October 11, 2019, following 30 consecutive business days for which the closing bid price of the Company's common stock did not meet the $1.00 per share minimum requirement.
ABOUT CINEDIGM
For more than twenty years, Cinedigm (NASDAQ: CIDM) has led the digital transformation of the entertainment industry.
Today, Cinedigm entertains hundreds of millions of consumers around the globe by providing premium content, streaming
channels and technology services to the world’s largest media, technology and retail companies. For more information,
visit http://www.cinedigm.com/
[CIDM-G]
For more information:
Jill Newhouse Calcaterra
Cinedigm
jcalcaterra@cinedigm.com
310-466-5135