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: January 25, 2008
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.
The Registrant received from the NASDAQ Stock Market, NASDAQ Listing
Qualifications a notice dated January 25, 2008 that for 30 consecutive business
days the bid price of the Registrant'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)and the Registrant has been provided until July 23, 2008 to regain
compliance; otherwise it will subject itself to a potential delisting.
Compliance shall be evidenced if and by, at anytime before July 23, 2008, the
bid price of the Company's common stock closes at $1.00 per share or more for a
minimum of 10 consecutive business days. 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 Registrant believes that compliance will generate
from the status of the marketplace going forward with continued recognition of
the attributes of the Registrant which the Registrant anticipates may happen
following, if not sooner, the filing and publication of financial and operations
results to be disclosed in the Registrant's annual report on Form 10K which is
expected to be filed by the SEC Exchange Act due date of March 31, 2008.
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: January 28, 2008