Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing.
As disclosed by Revolution Lighting Technologies, Inc. (the "Company") in its
Current Report on Form 8-K filed with the Securities and Exchange Commission
("SEC") on October 10, 2019, the Company previously received a notification
letter from the Nasdaq Hearings Panel (the "Panel"), informing the Company that
the Panel has determined to delist the Company's common stock from The Nasdaq
Stock Market ("Nasdaq"). Trading in the Company's common stock on the Nasdaq was
suspended effective at the open of business on October 14, 2019. Since the
suspension, the Company's shares have been quoted on the OTC Pink Market.
As disclosed in its prior filings with the SEC, the Company has been unable to
file its Quarterly Reports on Form 10-Q for the quarters ended September 30,
2018, March 31, 2019, June 30, 2019 and September 30, 2019 and its Annual Report
on Form 10-K for the year ended December 31, 2018 as required by Nasdaq Listing
Rule 5250(c)(1), and is not in compliance with Nasdaq Listing Rule 5550(a)(2),
which requires listed companies to maintain a minimum bid price of at least
$1.00 per share.
On December 12, 2019, the Company received an email from Nasdaq notifying the
Company that on December 16, 2019 Nasdaq intends to issue a press release
announcing that it will delist the Company's common stock and file a Form 25
with the SEC to complete the delisting. The delisting will become effective ten
days after the Form 25 is filed.
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