SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): November 13 , 2012
Manhattan Bridge Capital, Inc.
(Exact Name of Registrant as Specified in Charter)
|(State or Other Jurisdiction
|(Commission File Number)||(IRS Employer Identification No.)|
|60 Cutter Mill Road, Great Neck, NY||11021|
|(Address of Principal Executive Offices)||(Zip Code)|
(Registrant’s telephone number,
including area code)
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
|||Written communications pursuant to Rule 425 under the Section 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)).|
This Current Report on Form 8-K is filed by Manhattan Bridge Capital, Inc. (the “Registrant”), in connection with the items set forth below.
Item 8.01: Other Events.
On November 13, 2012, the Registrant issued a press release announcing that it has received notification from the Listing Qualifications Department of The Nasdaq Stock Market that it has regained compliance with Nasdaq Listing Rule Section 5550(a)(2). A copy of the press release is attached hereto as Exhibit 99.1.
Item 9.01: Financial Statements and Exhibits.
|99.1||Press Release issued on November 13, 2012.|
* * * * * *
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.
|MANHATTAN BRIDGE CAPITAL, INC.|
|Dated: November 14, 2012||By:||/s/ Assaf Ran|
|Name: Assaf Ran|
|Title: President and Chief Executive Officer|
Assaf Ran, CEO
SOURCE: Manhattan Bridge Capital, Inc.
Manhattan Bridge Capital, Inc. Regains Full Compliance with NASDAQ Marketplace Rule 5550(a)(2)
NEW YORK, N.Y. November 13, 2012 / GLOBE Newswire / -- Manhattan Bridge Capital, Inc. (Nasdaq: LOAN),(the “Company”) announced today that the Company received a letter from the NASDAQ on November 13, 2012 that it has regained full compliance with NASDAQ Marketplace Rule 5550(a)(2), NASDAQ’s minimum stock bid price requirements to remain listed on the NASDAQ Stock Market. Regaining compliance resulted from its stock having had a closing bid price at or above $1.00 per share for 10 consecutive trading days.
Assaf Ran, Chairman of the Board and CEO stated, “ The Company is pleased to announce that it will continue to trade on the NASDAQ stock exchange. Management will focus on continuing to improve the financial conditions of the Company and communicating results to shareholders. We have demonstrated period-to-period growth and increased income from operations for more than five years. I am confident in our ability to continue on that path. Based on the fact that our current book value is $1.96 and considering our impressive performances and growth, I believe that our sock is significantly under-valued.”
Manhattan Bridge Capital, Inc. provides short term, secured, non-banking, commercial loans to small businesses. We operate the web site: http://www.manhattanbridgecapital.com
Forward-looking statements in this release are made pursuant to the “safe harbor'' provisions of the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein, including those related to the Company's future performance are based upon the Company's historical performance and on current plans, estimates and expectations, which are subject to various risks and uncertainties, and other factors that could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements, including, but not limited to, the impact of competition, product demand and pricing, and those described in the reports and statements filed by the Company with the Securities and Exchange Commission, including, among others, those described in the Company's Annual Report on Form 10-K.