Form 8-K Current Report
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): August 22, 2006
SIGA
TECHNOLOGIES, INC.
(Exact
name of registrant as specified in its charter)
|
Delaware
|
0-23047
|
13-3864870
|
|
(State
or other jurisdiction of
incorporation
or organization)
|
(Commission
file number)
|
(I.R.S.
employer
identification
no.)
|
|
420
Lexington Avenue, Suite 408
New
York, New York
(Address
of principal executive offices)
|
|
10170
(Zip
code)
|
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): __________________________________________________________________________________________________________________________________
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
July
19, 2006, SIGA Technologies, Inc. (“SIGA”) received notice from the Nasdaq Stock
Market (“Nasdaq”) that for the last 10 consecutive trading days, SIGA’s market
value of listed securities had been below the $35,000,000 minimum required
for
continued inclusion on the Nasdaq Capital Market under Marketplace Rule
4310(c)(2)(B)(ii) (the “Rule”). In accordance with Marketplace Rule
4310(c)(8)(C), SIGA was provided with 30 calendar days, until August 18, 2006,
to regain compliance. SIGA has not regained such compliance and accordingly
on
August 22, 2006, SIGA received a staff determination letter from Nasdaq
indicating that the SIGA's common stock is subject to delisting from the Nasdaq
Capital Market because of its failure to comply with the above described Rule.
SIGA intends to request a hearing in accordance the Marketplace Rule 4800
Series, which hearing request will stay the suspension and delisting of SIGA’s
common stock pending a decision by a Nasdaq Listing Qualifications Panel. There
can be no assurance that such Panel will grant SIGA’s request for continued
listing.
On
August
28, 2006, SIGA issued a press release announcing that it had received the above
described notice from NASDAQ. A copy of the press release is attached hereto
as
Exhibit 99.1.
Item
9.01. Financial
Statements and Exhibits.
(c) Exhibits
Exhibit
No.
Descrption
99.1 Press
Release, dated
August 28, 2006.
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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_____
Name: Thomas
N.
Konatich
Title: Acting
Chief Executive
Officer
and Chief
Financial Officer
Date: August
28, 2006
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