- Current report filing (8-K)
February 13 2009 - 3:54PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 20549
FORM 8-K
CURRENT
REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act
of 1934
Date of Report
(Date of earliest event reported)
February 10
, 2009
PROSPECT
ACQUISITION CORP.
(Exact name of
registrant as specified in its charter)
Delaware
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005-83363
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26-0508760
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(State or other
jurisdiction
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(Commission
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(IRS Employer
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of
incorporation)
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File Number)
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Identification
No.)
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9130
Galleria Court, Suite 318, Naples, Florida
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34109
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(Address of
principal executive offices)
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(Zip Code)
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Registrants
telephone number, including area code
(239) 254-4481
(Former name or
former address, if changed since last report.)
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):
o
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
o
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR 240.14d-2(b))
o
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 or Failure to Satisfy a
Continued Listing Rule or Standard; Transfer of Listing.
On
February 10, 2009, Prospect Acquisition Corporation (we or the Company)
received a letter from NYSE Alternext US LLC (the Exchange) indicating that
the staff of the Exchanges Corporate Compliance Department (the Staff) has
determined that the Company is not in compliance with Section 704 of the
Exchanges Company Guide, one of the Exchanges continuing listing standards,
because the Company failed to hold an annual meeting of its stockholders during
2008.
The
Staff determination letter stated that, in order to maintain its Exchange
listing, the Company must submit a plan of compliance by March 10, 2009
(the Plan) advising the Exchange of action it has taken, or will take, that
would bring it into compliance with Section 704 of the Company Guide by August 11,
2009 (the Plan Period). We intend to
submit a Plan to the Exchange on or before March 10, 2009 in which we will
state our intention to hold a meeting of our stockholders on or before August 11,
2009. After submission of the Plan,
management from the Exchanges Corporate Compliance Department will evaluate
the Plan and make a determination as to whether we have made a reasonable
demonstration in the Plan of an ability to regain compliance with the continued
listing standards by August 11, 2009, in which case the Plan will be
accepted. If the Plan is accepted, we may
be able to continue our listing during the Plan Period during which time we
will be subject to periodic review to determine whether we are making progress
consistent with the Plan.
On
February 13, 2009, we issued a press release announcing receipt of the February 10,
2009 Staff determination letter as required by Section 402 of the Company
Guide. A copy of the press release is
included as Exhibit 99.1 to this current report on Form 8-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit
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Description
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99.1
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Press
release dated February 13, 2009
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2
SIGNATURE
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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Prospect Acquisition Corp.
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(Registrant)
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Date:
February 13, 2009
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/s/ James J. Cahill
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(Signature)
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Name:
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James J. Cahill
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Title:
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Chief Financial Officer
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