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) April 27, 1999
ALFACELL CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 0-11088 22-2369085
State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification)
225 Belleville Avenue Bloomfield, New Jersey 07003
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (973) 748-8082
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(Former name or former address, if changed since last report)
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Item 5. Other Events.
The Nasdaq Stock Market ("Nasdaq") has notified Alfacell Corporation (the
"Company") that its common stock would be delisted from the Nasdaq SmallCap
Market effective at close of business April 27, 1999 for failing to meet the
minimum bid price requirements set forth in the NASD Marketplace Rules.
Effective April 28, 1999, the Company's common stock will be listed on the
OTC Bulletin Board under the symbol "ACEL". The OTC Bulletin Board is a
regulated quotation service that displays real-time quotes and last-sale price
and volume information in over-the-counter ("OTC") equity securities. An OTC
equity security generally is any equity that is not listed or traded on Nasdaq
or other national securities exchange. Information about the OTC Bulletin Board
is available on the internet at http: //www.otcbb.com.
On October 6, 1998, Nasdaq notified the Company that it was not in
compliance with Nasdaq's $1.00 minimum bid price requirement, and that it would
provide the Company ninety (90) days to regain compliance. The Company did not
meet this requirement, and attended a hearing on March 11, 1999 to request a
stay of delisting.
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SIGNATURES
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. Dated: April 29, 1999
ALFACELL CORPORATION
(Registrant)
By: /s/ KUSLIMA SHOGEN
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KUSLIMA SHOGEN
Chief Executive Officer
