Viragen, Inc.
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): September 20, 2005
VIRAGEN, INC.
(Exact name of registrant as specified in its charter)
|
|
|
|
|
Delaware
|
|
001-15823
|
|
59-2101668 |
|
|
|
|
|
(State or other jurisdiction of
incorporation)
|
|
(Commission File Number)
|
|
(IRS Employer
Identification No.) |
|
|
|
|
|
865 SW 78th Avenue, Suite 100, Plantation, Florida
|
|
33324 |
|
|
|
(Address of principal executive offices)
|
|
(Zip Code) |
Registrants telephone number, including area code: (954) 233-8746
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 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))
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer
of Listing.
The Company has received a deficiency letter from the American Stock Exchange (Amex) dated
September 20, 2005, advising that, based upon its review of Viragens financial statements included
in its Annual Report on Form 10-K for the fiscal year ended June 30, 2005, the Company is not in
compliance with Amex continued listing requirements. Specifically, Viragen is not in compliance
with Section 1003(a)(ii) of the Amex Company Guide, because the Companys stockholders equity is
less than $4,000,000 and it sustained losses from continuing operations and/or net losses in three
out of its four most recent fiscal years, and Section 1003(a)(iii) of the Amex Company Guide,
because the Companys stockholders equity is less than $6,000,000 and it sustained losses from
continuing operations and/or net losses in its five most recent fiscal years.
Viragen intends to submit a plan to Amex which will outline Viragens plans to regain
compliance with Amex continued listing requirements. The Company expects to submit this plan on
or before October 20, 2005, and otherwise comply with all requirements set forth by Amex. Final
approval of this plan is subject to the discretion of Amex.
On September 22, 2005, Viragen issued a press release announcing the matters discussed above.
The full text of the press release is attached as Exhibit 99.1 to this report.
Item 9.01. Financial Statements and Exhibits.
|
|
|
(a)
|
|
Financial Statements of Businesses Acquired. |
|
|
|
|
|
None. |
|
|
|
(b)
|
|
Pro Forma Financial Information. |
|
|
|
|
|
None. |
|
|
|
(c)
|
|
Exhibits. |
|
|
|
|
|
99.1 Press release dated September 22, 2005 |
2
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.
|
|
|
|
|
|
VIRAGEN, INC.
|
|
Date: September 22, 2005 |
By: |
/s/ Dennis W. Healey
|
|
|
|
Dennis W. Healey |
|
|
|
Executive Vice President and
Principal Financial Officer |
|
|
3