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: October 13, 1998
(Date of earliest event reported)
________________________________
SUPER VISION INTERNATIONAL, INC.
(Exact name of registrant as specified in its charter)
________________________________
Delaware 0-23590 59-3046866
(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification No.)
incorporation or
organization)
8210 Presidents Drive
Orlando, Florida 32809
(Address of principal executive offices, zip code)
(407) 857-9900
(Registrant's telephone number, including area code)
ITEM 5. OTHER EVENTS.
On October 13, 1998, the Company was informed for the second
time this year by Nasdaq that the Company's public warrants (SUPVZ)
(the "Public Warrants") would be delisted from the Nasdaq SmallCap
Market effective at the close of business November 13, 1998 for
failure to maintain two active market makers. The Company has
until this date to obtain two active market makers for the Public
Warrants for ten consecutive trading days. An active market maker
is one who is registered to trade a security and maintains a
continuous, two-side quotation. However, if the Company is not
successful in having a minimum of two investment banking firms
become market makers for its Public Warrants, then as of November
13, 1998, the Company's Public Warrants will be delisted from
Nasdaq, and will no longer be traded on any public exchange or
quotation system.
The delisting will not effect the term or exerciseability of
the Public Warrants.
In order to be relisted on the Nasdaq SmallCap Market, it will
be necessary for the Company to re-apply for initial listing of its
Public Warrants once it determines that it can meet the initial
listing requirements. The initial listing criteria, insofar as
they would be applicable to the Company, require, generally, net
tangible assets of $4,000,000, a public float of 1,000,000 shares,
a market value of the public float of not less than $5,000,000, and
some minimum bid price for the Public Warrants. Once a company is
accepted for relisting on the Nasdaq SmallCap Market, it will be
required to maintain, among other requirements, net tangible assets
of $2,000,000, a public float of 500,000 shares and a market value
of the public float of not less than $1,000,000.
The Company is not certain when it will be able to meet the
initial listing requirements for its Public Warrants. There is no
assurance that the Company will be successful in meeting the
requirements for relisting its Public Warrants on the Nasdaq
SmallCap Market.
SIGNATURES
Pursuant to the requirement 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.
SUPER VISION INTERNATIONAL, INC.
(Registrant)
Date: October 26, 1998 By:/s/John P. Stanney
John P. Stanney
President & Chief Financial
Officer
