Ceres, Inc (CERE)

[Goodfill]

Lets roll now...No Delisting and April 27th 2015 is far enough away for the price to move up.

Form 8-K for CERES, INC.

24-Oct-2014

Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Trans


Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

On October 23, 2014, Ceres, Inc. (the "Company") received approval from The Nasdaq Stock Market LLC ("Nasdaq") to transfer the listing of the Company's common stock from The Nasdaq Global Market to The Nasdaq Capital Market. This transfer will be effective at the opening of business on October 27, 2014. The Company's common stock will continue to trade under the symbol "CERE." The Nasdaq Capital Market is a continuous trading market that operates in substantially the same manner as the Nasdaq Global Market and listed companies must meet certain financial requirements and comply with Nasdaq's corporate governance requirements.

As previously reported, the Company was notified by Nasdaq on April 28, 2014, that it no longer satisfied the minimum bid price requirement for continued listing of $1.00 per share, as set forth in Nasdaq Listing Rule 5550(a)(2). In anticipation of not meeting the minimum bid price requirement by the end of its initial 180-day grace period, which will end on October 27, 2014, the Company applied to transfer the listing of its stock to The Nasdaq Capital Market. The transfer provides the Company with an additional 180-day grace period to regain compliance with the Nasdaq's minimum bid price requirement. In order to regain compliance, the minimum bid price per share of the Company's common stock must be at least $1.00 for at least ten consecutive business days during the 180-day grace period, which will end on April 27, 2015. If the Company fails to regain compliance during this grace period, the Company's common stock will be subject to delisting by Nasdaq. The Company has provided written notice of its intention to cure the minimum bid price deficiency during the second grace period by effecting a reverse stock split if necessary.