SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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): August 18, 2005
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SIGA TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-23047 13-3864870
(State or other jurisdiction (Commission file number) (I.R.S. employer
of incorporation or identification no.)
organization)
420 Lexington Avenue,
Suite 408 10170
New York, New York (Zip code)
(Address of principal
executive offices)
Registrant's telephone number, including area code: (212) 672-9100
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 (see General Instruction A.2. below):
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[ ] 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.
On August 18, 2005, SIGA Technologies, Inc. (the "Company") received
notice from The Nasdaq Stock Market ("NASDAQ") that, based on the Company's Form
10-Q for the period ended June 30, 2005, NASDAQ believed the Company is no
longer in compliance with Nasdaq Marketplace Rule 4310(c)(2)(B), which requires
the Company to have a minimum of $2,500,000 in stockholders' equity, $35,000,000
market value of listed securities or $500,000 of net income from continuing
operations for the most recently completed fiscal year or two of the three most
recently completed fiscal years. The staff of the Nasdaq Stock Market (the
"Staff") is reviewing the Company's eligibility for continued listing on the
Nasdaq SmallCap Market and has requested that the Company provide a specific
plan by September 2, 2005, which demonstrates the Company's ability to achieve
and sustain compliance with all of the Nasdaq SmallCap Market continued listing
requirements.
The Company intends to submit a detailed plan to the Nasdaq Stock
Market regarding its proposal to comply with all of the Nasdaq SmallCap Market
continued listing requirements. The Staff will review the Company's plan and
notify the Company if the Staff has any questions regarding the plan. If the
Staff believes the Company's plan does not adequately address the issues
described above, the Staff will provide notification that the Company's
securities will be delisted. In such event, the Company may appeal the decision
to a Nasdaq Listing Qualifications Panel.
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SIGNATURE
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.
SIGA TECHNOLOGIES, INC.
By: /s/ Thomas N. Konatich
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Name: Thomas N. Konatich
Title: Chief Financial Officer
Date: August 24, 2005
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