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): August 20, 1998
THE PANDA PROJECT, INC.
(Exact name of registrant as specified in its charter)
FLORIDA 0-24030 65-0323354
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation) Number)
901 Yamato Road 33431
(Address of principal executive) (Zip Code)
Registrant's telephone number, including area code: (561) 994-2300
________________________
(Former name or former address, if changed since last report)
Item 5. Other Events
------------
On August 20, 1998, the Company received a letter from the
Nasdaq Stock Market stating that continued listing of the Common
Stock on the Nasdaq National Market was no longer warranted. The
Company intends to appeal this decision and understands the Common
Stock will remain listed on NMS pending resolution of the appeal.
There can be no assurance the Company will be successful in
maintaining the listing of the Common Stock on NMS. The delisting
of the Company's Common Stock from NMS would adversely affect the
liquidity of the Company's Common Stock and the ability of the
Company to raise capital.
Item 7. Financial Statements and Exhibits
---------------------------------
(c) Exhibits
99.1 Press Release dated August 25, 1998
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.
THE PANDA PROJECT, INC.
By: /S/ KEVIN J. CALHOUN
Kevin J. Calhoun
Chief Financial Officer
Dated: August 25, 1998
EXHIBIT 99.1
FOR IMMEDIATE RELEASE
Company Contact
Jeff Mehler, Investor Relations
561-994-2300
THE PANDA PROJECT TO APPEAL NASDAQ NOTICE
BOCA RATON, FL, August 25, 1998 - The Panda Project, Inc. (Nasdaq:
PNDA) today announced that it has received a notice from the Nasdaq
Stock Market stating that continued listing of the Common Stock of
the Company on the Nasdaq National Market ("NMS") was no longer
warranted. The Company has requested a hearing with Nasdaq to
appeal the decision. The Company understands that its Common Stock
will continue to remain listed on the NMS pending resolution of the
appeal and that the date of the hearing will likely be during the
month of October 1998.
Visit The Panda Project on the World Wide Web at
www.pandaproject.com
