Current Report Filing (8-k)
29 Juin 2022 - 10:26PM
Edgar (US Regulatory)
0000082473
false
0000082473
2022-06-29
2022-06-29
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
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
Date
of Report (Date of earliest event reported): June 29, 2022
Commission
File Number 1-7062
INNSUITES
HOSPITALITY TRUST
(Exact
name of registrant as specified in its charter)
| Ohio |
|
34-6647590 |
(State
or other jurisdiction of
incorporation
or organization) |
|
(I.R.S.
Employer
Identification
Number) |
InnSuites
Hotels Centre
1730
E. Northern Avenue, Suite 122
Phoenix,
AZ 85020
(Address
of principal executive offices)
Registrant’s
telephone number, including area code: (602) 944-1500
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:
| ☐ |
Written
communications 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)) |
| Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
| Shares
of beneficial interest without par value |
|
IHT |
|
NYSE-American |
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On
June 22, 2022, InnSuites Hospitality Trust (the “Trust”) received a letter from NYSE Regulation giving an official notice
of noncompliance of the Trust with continued listing standards of NYSE American LLC (the “Exchange”) because the Trust failed
to timely file with the Securities and Exchange Commission (the “SEC”) its Quarterly Report on Form 10-Q for the Fiscal Quarter
ended April 30, 2022 (the “Delinquent Report”). This filing delinquency subjects the Trust to the procedures and requirements
of Section 1007 of the NYSE American Company Guide. If uncured, this filing delinquency could result in suspension of trading or delisting
of the Trust’s shares.
The
Trust intends to cure the filing delinquency, has contacted the Exchange, and is working diligently to file the Delinquent Report as
soon as possible. The Trust was unable to timely file the Delinquent Report because the Trust was delayed in obtaining and compiling
information required to be included in the Delinquent Report, which delay the Trust was unable to eliminate without unreasonable effort
and expense. On June 15, 2022, the Trust filed a notice in accordance with Rule 12b-25 of the Securities Exchange Act of 1934, stating
the reason for the delay, and undertaking that the Trust would file its Quarterly Report on Form 10-Q no later than June 22, 2022, the
fifth calendar day following the prescribed due date. The Trust was unable to file on that date as anticipated, and now believes that
it will be able to file the Delinquent Report on or before July 1, 2022.
Item 9.01 Financial Statements and Exhibits.
99.1
Press Release of InnSuites Hospitality Trust, dated June 29, 2022.
104 Cover
Page Interactive Data File (embedded within the Inline XBRL document)
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.
| |
InnSuites
Hospitality Trust |
| |
|
| |
By: |
/s/
James F. Wirth |
| |
|
James
F. Wirth |
| |
|
Chairman
and Chief Executive Officer |
Date:
June 29, 2022
Innsuites Hospitality (AMEX:IHT)
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