UNITED
STATES
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
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Date
of Report (Date of earliest event reported)
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July
20, 2007
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ENCISION,
INC.
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(Exact
name of registrant as specified in its charter)
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Colorado
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0-28604
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84-1162056
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(State
or other jurisdiction
of
incorporation)
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(Commission
File
Number)
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(I.R.S.
Employer
Identification
No.)
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6797
Winchester Circle, Boulder, Colorado
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80301
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code
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(303)
444-2600
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(Former
name or former address, if changed since last report.)
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Check
the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under
any
of the following provisions (see General Instruction A.2. below):
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o Written
communications pursuant to Rule 425 under the Securities Act (17
CFR
230.425)
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o
Soliciting material pursuant to
Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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o
Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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o
Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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| Item 3.01 |
Notice
of Delisting or Failure to Satisfy a Continued Listing Rule
or Standard; Transfer of Listing.
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On
July 16, 2007, ENCISION INC., a Colorado corporation (the “Company”),
received a notice from the American Stock Exchange (the “Amex”) that the
Company did not satisfy a rule for continued listing on the Amex.
The
notice serves as a warning letter and asserts that the Company
failed to
comply with the requirements of Section 1003(a)(ii) of the Amex
Company
Guide (the “Amex Guide”), which failure could jeopardize the Company’s
continued listing on the Amex. Section 1003(a)(ii) of the Amex
Guide
requires, among other things, that an issuer have stockholders’ equity of
not less than $4,000,000 if such issuer has sustained losses from
continuing operations and/or net losses in three out of its four
most
recent fiscal years.
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The
notice
letter asserts that the Company must submit a plan (the “Plan”) to the
Amex by August 15, 2007 advising the Amex of the action that it
has taken,
or that it will take, to bring the Company into compliance with
all of the
continued listing standards of the Amex Guide by January 9, 2009.
The
Company is preparing to submit the Plan to Amex and is taking measures
to
timely resolve the situation with the Amex. The notice letter also
requires the Company to file a press release disclosing receipt
of the
letter. A copy of the press release is attached hereto as Exhibit
99.1.
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| Item 9.01 | Financial Statements and Exhibits. | |
| (d) |
Exhibits.
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| 99.1 | Press Release issued by ENCISION, INC., July 20, 2007 | |
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.
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ENCISION,
INC.
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(Registrant)
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| Date July 20, 2007 | |
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| /s/ Marcia K. McHaffie | ||
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Marcia K. McHaffie |
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Controller
Principal
Accounting Officer
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