Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing.
(a) On January 17, 2020, Live Ventures Incorporated (the "Company") received
a letter ("Notice") from The Nasdaq Stock Market ("Nasdaq") notifying the
Company that because the Company has not yet filed its Form 10-K for the period
ended September 30, 2019 (the "Form 10-K"), it no longer complies for continued
listing on The Nasdaq Capital Market. Nasdaq Marketplace Rule 5250(c)(1)
requires a company to timely file all required periodic financial reports with
the U.S. Securities and Exchange Commission (the "Commission") through the EDGAR
system (the "Filing Requirement"). As disclosed by the Company in its Form
12b-25 filed with the Commission on December 31, 2019, the Company has delayed
the filing of its Form 10-K to finalize its financial statements to be filed as
part of the Form 10-K. The Company has not yet filed the Form 10-K and therefore
does not meet the Filing Requirement. Pursuant to Nasdaq Marketplace Rule
5810(c)(2)(A), the Company has 60 calendar days, or until March 17, 2020, to
regain compliance with the Filing Requirement or submit a plan to do so. The
Notice also provides that, if the Company does not regain compliance with the
Filing Requirement by March 17, 2020 and Nasdaq accepts the Company's compliance
plan, the Company may be eligible for additional time to comply with the Filing
Requirement. If the Company does not comply with the Filing Requirement, the
Company's common stock could be subject to delisting. The Notice has no
immediate effect on the listing of the Common Stock on The Nasdaq Capital
Market.
The Company issued a press release on January 24, 2020 disclosing the receipt of
the January 17, 2020 letter from Nasdaq and is attached as Exhibit 99.1 to this
Current Report on Form 8-K and incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
Exhibit
Number Description
99.1 Press Release, dated January 24, 2020
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