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): December 17, 1998
THE PANDA PROJECT, INC.
(Exact name of registrant as specified in its charter)
FLORIDA 0-24030 65-0323354
(State or other juris- (Commission (IRS Employer
diction of incorporation) File Number) Identification
Number)
951 Broken Sound Parkway
Boca Raton, Florida 33487
(Address of principal executive offices) (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.
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On December 17, 1998, The Panda Project, Inc. (the
"Company") issued a press release concerning the delisting of its
Common Stock from The Nasdaq National Market. The press release is
attached as an Exhibit to this Report.
Item 7. Financial Statements and Exhibits.
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(c) Exhibits
99.1 Press Release issued December 17, 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/ MELISSA F. CRANE
-----------------------------
Melissa F. Crane
Chief Financial Officer
Dated: December 22, 1998
<PAGE>
EXHIBITS
99.1 Press Release issued by the Company on December 17, 1998.
Exhibit 99.1
The Panda Project
FOR IMMEDIATE RELEASE
- ---------------------
Company Contact:
Jeff Mehler, Investor Relations
561-994-2300
THE PANDA PROJECT MOVES TO OTC BULLETIN BOARD
BOCA RATON, FL - December 17, 1998 - The Panda Project, Inc.
("PNDA") today announced that it has been delisted from Nasdaq
effective December 16, 1998. The Company received notice from
Nasdaq of the decision by its Qualifications Panel to delist
Panda's stock from The Nasdaq National Market because the Panel
believed that the Company would not be able to sustain compliance
with the Net Tangible Asset requirement of $4 million, and the
Company was currently not in compliance with the minimum bid price
of $1.00 per share. The Company is eligible to trade on the
OTC-Bulletin Board under the symbol: PNDA.
Visit The Panda Project on the World Wide Web at
www.pandaproject.com
951 Broken Sound Parkway N.W., Boca Raton, FL 33487-3531
Tel No: 561-994-2300 Fax No: 561-994-2436
