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EX-99.1 - PRESS RELEASE - LILIS ENERGY, INC.f8k041714ex99i_lilisenergy.htm


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
 
Washington, D.C. 20549
 

 
FORM 8-K
 
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported):  April 17, 2014
 
LILIS ENERGY, INC.
(Exact name of registrant as specified in its charter)
 
Nevada
 
001-35330
 
74-3231613
(State or other jurisdiction
of incorporation)
 
(Commission File Number)
 
(IRS Employer
Identification Number)
 
1900 Grant Street, Suite #720
 
 
Denver, CO
 
80203
(Address of Principal Executive Offices)
 
(Zip Code)
 
(303) 951-7920
(Registrant’s 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:
 
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 Continuing Listing Rule or Standard; Transfer of Listing
 
On April 17, 2014, Lilis Energy, Inc. (the “Company”) received a letter from the Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it was no longer in compliance with Nasdaq Rule 5250(c)(1) related to the filing of periodic financial reports with the Securities and Exchange Commission. The issuance of the letter is based upon the Company not filing its Annual Report on Form 10-K for the fiscal year ended December 31, 2013 (the “2013 Form 10-K”) on or before the extended due date of April 15, 2014.
 
The issuance of the letter has no immediate effect on the listing of the Company’s common stock. In order to maintain its listing, the Company must submit a plan of compliance by June 16, 2014 addressing how it intends to regain compliance with Rule 5250(c)(1). The Company intends to file the 2013 Form 10-K prior to that date, and believes that filing the 2013 Form 10-K by June 16, 2014 will bring the Company into compliance.
 
On April 21, 2014, the Company issued a press release disclosing the receipt of the Letter, a copy of which is attached as Exhibit 99.1 to this Form 8-K.
 
Item 9.01
Financial Statements and Exhibits

(d) Exhibits.

Exhibit No.
 
Description
     
99.1
 
Press Release of Lilis Energy, Inc. dated April 21, 2014

 
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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.
 
Date:  April 21, 2014
LILIS ENERGY, INC.
 
 
 
 
By:
/s/ A. Bradley Gabbard
 
 
Chief Financial Officer and Chief Operating Officer
 
 
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EXHIBIT INDEX

Exhibit No.
 
Description
     
99.1*
 
Press Release of Lilis Energy, Inc. dated April 21, 2014

* Furnished herewith.
 
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