UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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):May 13, 2019
GTY TECHNOLOGY HOLDINGS INC.
(Exact name of registrant as specified in its charter)
| Massachusetts | 001-37931 | 83-2860149 |
(State or other jurisdiction
of incorporation) | (Commission
File Number) | (IRS Employer
Identification No.) |
1180 North Town Center Drive, Suite 100
Las Vegas, Nevada 89144
(Address of principal executive offices, including zip code)
Registrant’s telephone number, including area code: (702) 945-2898
(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:
| ¨ | 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 companyx
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition 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 |
| Common Stock, par value $0.0001 per share | | GTYH | | Nasdaq Stock Market LLC |
| Warrants to purchase Common Stock | | GTYHW | | Nasdaq Stock Market LLC |
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
On May 13, 2019, GTY Technology Holdings Inc. (“GTY” or the “Company”) received written notice from the staff of The Nasdaq Stock Market LLC (“Nasdaq”) that, due to the fact that the Company’s warrants do not satisfy the minimum 400 round lot shareholder requirement for initial listing, Nasdaq has determined to (i) delist the Company’s warrants from Nasdaq and (ii) suspend trading in the Company’s warrants on Nasdaq effective with the open of business on May 22, 2019 if the Company does not appeal the delisting determination. The Company currently has no plans to appeal this determination. The formal delisting of the Company’s warrants from Nasdaq will become effective ten days after a Form 25-NSE is filed by Nasdaq.
The Companyintends to have its warrants become eligible to trade on the OTC Markets system as soon as practicable. The continued listing of the Company’s common stock, which trades on The Nasdaq Capital Market under the ticker symbol “GTYH”, is not affected by the delisting of the warrants.
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 hereunto duly authorized.
| | GTY TECHNOLOGY HOLDINGS INC. | |
| | | | |
| | By: | /s/ Alpa Fedor | |
| | | Name: Alpa Fedor | |
| | | Title: Executive Vice President, General Counsel and Secretary | |
| | | | |
| Dated: May 17, 2019 | | | |
