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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
DATE OF REPORT: AUGUST 13, 1998
(Date of earliest event reported)
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SUPER VISION INTERNATIONAL, INC.
(Exact name of registrant as specified in its charter)
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DELAWARE 0-23590 59-3046866
(State or other jurisdiction of (Commission File Number) (IRS Employer
incorporation or organization) Identification No.)
8210 PRESIDENTS DRIVE
ORLANDO, FLORIDA 32809
(Address of principal executive offices, zip code)
(407) 857-9900
(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS.
On July 20, 1998, the Company was informed 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 August 20,
1998 for failure to maintain two active market makers. The Company has until
this date to identify two investment banking firms who would be willing to
become market makers for the Public Warrants. 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 August 20, 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.
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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: August 13, 1998 By: /s/ John P. Stanney
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John P. Stanney
President & Chief Financial
Officer
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