On April 20, 2016, DS Healthcare Group, Inc. (the Company) was notified by Nasdaq that because the Company has not filed its Annual Report on Form 10-K for the year ended December 31, 2015, the Company no longer qualifies for continued listing in accordance with Nasdaq Rule 5250(c)(1). The Company has until May 11, 2016 to submit to Nasdaq a plan to regain compliance with Nasdaqs listing rules. If the Companys plan is accepted by Nasdaq, it can grant an extension to give the Company until October 11, 2016 to regain compliance. No assurances can be given that Nasdaq will grant such an extension. However if an extension is granted, it would also require the Company to file all subsequent periodic filings required to be filed through the extension date. If the extension is not gran ted, the Company has the option to appeal to that decision to a Nasdaq hearings panel.
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.
DS HEALTHCARE GROUP, INC.
Date: April 26, 2016
makes a similar move, sign up!