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EX-99.1 - EX-99.1 - ZaZa Energy Corp | a14-8739_1ex99d1.htm |
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): March 18, 2014
ZAZA ENERGY CORPORATION
(Exact name of registrant as specified in its charter)
Delaware |
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001-35432 |
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45-2986089 |
(State or other jurisdiction |
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(Commission |
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(I.R.S. Employer |
1301 McKinney Street, Suite 2800 |
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77010 |
(Address of principal executive offices) |
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(Zip Code) |
(713) 595-1900
(Registrants telephone number, including area code)
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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o 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.
On March 18, 2014, ZaZa Energy Corporation (we, our or the Company) received a deficiency letter (the Notice Letter) from The NASDAQ Stock Market LLC (NASDAQ) indicating that, based on the Companys closing bid price for the last 30 consecutive business days, the Company does not comply with the minimum bid price requirement of $1.00 per share, as set forth in NASDAQ Listing Rule 5550(a)(2). The notification has no immediate effect on the listing of the Companys common stock on the NASDAQ Capital Market.
In accordance with NASDAQ Listing Rule 5810(c)(3)(A), the Company has a grace period of 180 calendar days to regain compliance with the minimum closing price requirement for continued listing. In order to regain compliance, the minimum closing price per share of the Companys common stock must be at least $1.00 for a minimum of ten consecutive business days during the 180-day grace period. In the event the Company does not regain compliance within the 180-day grace period, the Company may be afforded an additional 180-day grace period, provided that it demonstrates that it meets all other applicable standards for initial listing on the NASDAQ Capital Market (except the bid price requirement) and provides written notice of its intention to cure the minimum bid price deficiency during the second grace period. If the Company fails to regain compliance after the second 180-day grace period, the Companys common stock will be subject to delisting by NASDAQ.
Item 7.01 Regulation FD Disclosure.
On March 21, 2014, the Company issued a press release announcing receipt of the Notice Letter. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
In accordance with General Instruction B.2 of Form 8-K, the information in this Item 7.01 shall not be deemed filed for the purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing.
Item 9.01 Financial Statements and Exhibits.
Exhibit No. |
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Description |
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99.1 |
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Press Release dated March 21, 2014 |
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.
Dated: March 21, 2014 |
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ZaZa Energy Corporation |
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By: |
/s/ Todd A. Brooks |
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Todd A. Brooks |
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President and Chief Executive Officer |
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