Jamba receives expected letter from Nasdaq
Jamba, Inc. announced that as expected, on August 15, 2017 it received a standard notification letter from Nasdaq stating that because the Company has not yet filed its Form 10-Q for the period ended July 4, 2017 in addition to 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 described in the letter, the company has until August 30, 2017 to submit to Nasdaq an update to its original plan to regain compliance with the Nasdaq Listing Rules. Previously, Nasdaq granted the company an extension until September 18, 2017 to file all delinquent periodic reports, including its Form 10-K for the year ended January 3, 2017, and Form 10-Q for the period ended April 3, 2017. The company plans to submit an update to its original plan to regain compliance by August 30, 2017 and to file its Form 10-K and Form 10-Qs 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-Qs.