UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM8-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): April 4, 2017
Aradigm Corporation
(Exact name of registrant as specified in its charter)
| | | | |
| California | | 001-36480 | | 94-3133088 |
(State or other jurisdiction of incorporation) | | (Commission File Number) | | (I.R.S. Employer Identification No.) |
| | | | |
| 3929 Point Eden Way, Hayward, California | | 94545 |
| (Address of principal executive offices) | | (Zip Code) |
Registrant’s telephone number, including area code: (510)265-9000
Not Applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (seeGeneral Instruction A.2. below):
| | ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| | ☐ | Soliciting material pursuant to Rule14a-12 under the Exchange Act (17 CFR240.14a-12) |
| | ☐ | Pre-commencement communications pursuant to Rule14d-2(b) under the Exchange Act (17 CFR240.14d-2(b)) |
| | ☐ | Pre-commencement communications pursuant to Rule13e-4(c) under the Exchange Act (17 CFR240.13e-4(c)) |
Item 3.01 – Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On April 4, 2017, Aradigm Corporation (the “Company”) received a notice from The NASDAQ Capital Market (“NASDAQ”) that the Company is not in compliance with NASDAQ’s Listing Rule 5550(b)(1), as it has not maintained a minimum of $2,500,0000 in its shareholders’ equity. The notification of noncompliance has no immediate effect on the listing or trading of the Company’s common stock on NASDAQ under the symbol “ARDM.”
Pursuant to the NASDAQ Listing Rules, the Company has 45 days, or until May 19, 2017, to submit a plan to regain compliance with the minimum shareholders’ equity requirement. The Company intends to submit a plan to regain compliance.
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.
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| | | | | | ARADIGM CORPORATION |
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| Dated: April 10, 2017 | | | | | | By: | | /s/ Nancy Pecota |
| | | | | | | | Name: | | Nancy Pecota |
| | | | | | | | Title: | | Vice President, Finance and Chief Financial Officer and Corporate Secretary |
