Jamba receives expected letter from Nasdaq over Form 10-K
Jamba, Inc. announced that as expected, on May 16, 2017 it received a standard notification letter from Nasdaq stating that because the company has not yet filed its Form 10-K for the year ended January 3, 2017 and its Form 10-Q for the period ended April 4, 2017, the company is not in compliance with Nasdaq Listing Rule 5250c1, which requires timely filing of periodic reports with the Securities and Exchange Commission. As previously disclosed, Nasdaq provided the company until May 22, 2017 to submit a plan to regain compliance and, if Nasdaq accepts the company's plan, Nasdaq can grant the company an additional compliance period until September 18, 2017 to regain compliance. The company will submit the required plan of compliance by May 22, 2017 and will file its Form 10-K and Form 10-Q as soon as practicable. The company anticipates that it will fully regain compliance with the Nasdaq continued listing requirements upon such filing of its Form 10-K and Form 10-Q.