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
August 9, 2005
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(Date of Report)
ALANCO TECHNOLOGIES, INC.
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(Exact name of Registrant as specified in its charter)
0-9347
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(Commission File No.)
ARIZONA 86-0220694
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(State of other jurisdiction) (IRS Employer Identification No.)
15575 N 83RD WAY, SUITE 3, SCOTTSDALE, ARIZONA 85260
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(Address of Principal Executive Office) (Zip Code)
(480) 607-1010
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(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously safisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
( ) Written communication pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
( ) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
( ) Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
( ) Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 3.01 Notice of Delisting
The Company received notification from NASDAQ on August 4, 2005 that the
Company fails to comply with the minimum $1.00 bid price requirements for
continued listing as set forth in NASDAQ Marketplace Rule 4310 (c) (4) (the
"Rule"). Therefore, in accordance with Marketplace Rule 4310 (c)(8)(D), the
Company will be provided 180 calendar days, or until January 31, 2006, to regain
compliance. If, at anytime before January 31, 2006, the bid price of the
Company's common stock closes at $1.00 per share or more for a minimum of 10
consecutive trading days, NASDAQ Staff will provide written notification that it
complies with the Rule.
If compliance with this Rule cannot be demonstrated by January 31, 2006, Staff
will determine whether the Company meets the NASDAQ SmallCap Market initial
listing criteria as set forth in Marketplace Rule 4310(c), except for the bid
price requirement. If it meets the initial listing criteria, Staff will notify
the Company that it has been granted an additional 180 calendar days to meet the
$1.00 minimum bid price requirement. If the Company is not eligible for an
additional compliance period, Staff will provide written notification that the
Company's securities will be delisted. At that time, the Company may appeal
Staff's determination to delist it securities to a Listing Qualifications Panel.
SIGNATURES
Date: August 9, 2005 By: /s/John A Carlson
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Chief Financial Officer