UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities and Exchange Act of 1934
Date of Report (or Date of Earliest Event Reported): April 4, 2005
Trinsic, Inc.
| Delaware | 000-28467 | 59-3501119 | ||
| (State or Other Jurisdiction | (Commission File Number) | (I.R.S. Employer Identification | ||
| of Incorporation or Organization) | Number) |
601 South Harbour Island Boulevard, Suite 220
Tampa, Florida 33602
(Address of Principal Executive Offices)
(813) 273-6261
(Telephone Number, Including Area Code)
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 Failure to Satisfy a Continued Listing Rule | ||||||||
Securities and Trading Markets
Item 3.01 Notice of Failure to Satisfy a Continued Listing Rule
By letter dated April 4, 2005, the Nasdaq Stock Market has notified us that we do not comply with MarketPlace Rule 4310(c)(2)(B) which requires us to have a minimum $2,500,000 in stockholder's equity or $35 million 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. Consequently, the Nasdaq staff is reviewing our eligibility for continued listing on the Nasdaq SmallCap Market. We expect to present to the Nasdaq staff a plan to achieve and maintain compliance with all the Nasdaq SmallCap Market listing requirements. However, we have no expectation that such plan will in the staff's view adequately address this situation.
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, thereunto duly authorized.
Dated: April 8, 2005.
| TRINSIC, INC. | ||||||
| BY: | /s/ Horace J. Davis, III | |||||
| Name: | Horace J. Davis, III | |||
| Title: | Acting Chief Executive Officer |
A signed original of this Form 8-K has been provided to Trinsic, Inc. and will be retained by Trinsic, Inc. and furnished to the Securities and Exchange Commission or its staff upon request.