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
Date of Report: October 1, 2007
Synergy Brands, Inc.
(Exact name of registrant as specified in its charter)
Delaware 0-19409 22-2993066
(State of incorporation) (Commission File No.) (IRS Employer
Identification No.)
223 UNDERHILL BLVD., SYOSSET, NY 11791
(Address of principal executive offices) (zip code)
Registrant's telephone number, including area code: 1-516-714-8200
Not Applicable
(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 obligations 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 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))
Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard.
Synergy Brands (NASDAQ:SYBR) received a NASDAQ Staff letter on September 28,
2007 indicating that the Company fails presently to comply with the minimum bid
price requirement because for 30 consecutive business days the bid price of the
Company's common stock has closed below the minimum $1.00 per share requirement
for continued inclusion of such securities for listing to trade on the NASDAQ
Stock Market under Marketplace Rule 4310 (c)(4). A listing of the Registrant as
currently non-complaint and reasons therefore is to be posted on the NASDAQ
website at www.nasdaq.com. The Company's share price closed at $1.04 on
September 28, 2007. Compliance should be evidenced if, at anytime before March
26, 2008, the closing price of the Company's common stock closes at $1.00 per
share or more for a minimum of 10 consecutive business days. The Company values
its Nasdaq listing and will make its best efforts to comply and retain its
listing. The Company has been provided until March 26, 2008 to regain
compliance. Synergy Brands believes that compliance can be achieved through the
future valuation of the Company in the marketplace through results of operations
and financial performance. The Company plans to file its third quarter results
on November 14, 2007.
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Synergy Brands, Inc.
By: /s/ Mair Faibish
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Mair Faibish
Chairman of the Board
By: /s/ Mitchell Gerstein
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Mitchell Gerstein
Chief Financial Officer
Dated: October 1, 2007