Solaris Power Cells Inc (fka SPCL)

[LJ Silver]

Sorry I found it, was looking at the 8K not the 10Q.. So just thinking about us as shareholders of SPCL. IF they would roll SPCL into Origo or HTH would that satisfy Nasdaq 300 min shareholder??? TIA
LJ
https://www.sec.gov/Archives/edgar/data/1619551/000161577417005823/s107748_10q.htm

Nasdaq Listing Rules

On February 21, 2017, the Company received a written notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company is not in compliance with Listing Rule 5550(a)(3) (the “Minimum Public Holders Rule”), which requires the Company to have at least 300 public holders for continued listing on the Nasdaq Capital Market. The Notice was only a notification of deficiency, not of imminent delisting, and had no current effect on the listing or trading of the Company’s securities on the Nasdaq Capital Market. In April 2017, the Company submitted a plan to evidence compliance with the Minimum Public Holders Rule and Nasdaq granted the Company until August 21, 2017 to evidence compliance with the Minimum Public Holders Rule.

14


Origo Acquisition Corp and Subsidiary
Notes to Unaudited condensed consolidated financial statements
August 31, 2017

On August 23, 2017, the Company received a written notice from Nasdaq stating that the Company had not regained compliance with the Minimum Public Holders Rule for continued listing on Nasdaq. The notice further stated that, unless the Company requested an appeal of Nasdaq’s determination, trading of the Company’s securities would be suspended at the open of business on September 1, 2017. As permitted under Nasdaq rules, the Company requested an appeal of the delisting determination, and a hearing before a Nasdaq panel was held in connection with such appeal in October 2017. As of the date of this report, the panel’s decision has not been rendered, and pending the Nasdaq panel’s determination, the Company’s securities will continue to trade on Nasdaq. If the panel’s determination is adverse to the Company, and absent any other remedies available to the Company, the Company’s securities would be subject to suspension from trading and Nasdaq could file a Form 25 to remove the Company’s securities from listing and registration on Nasdaq.

The Company cannot assure that its securities will continue to be listed on Nasdaq in the future prior to an initial Business Combination. Additionally, in connection with the initial Business Combination, it is likely that Nasdaq will require the Company to file a new initial listing application and meet its initial listing requirements as opposed to its more lenient continued listing requirements. The Company cannot assure that it will be able to meet those initial listing requirements at that time.