Inactive Instrument

Sequential Brands Group, Inc.

Equities

SQBG

US81734P2065

SEQUENTIAL BRANDS GROUP, INC. : Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing, Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K)

September 01, 2021 at 03:40 pm IST

Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standards; Transfer of Listing.

As previously disclosed, on May 25, 2021, Sequential Brands Group, Inc. ("Sequential" or the "Company") and certain of its subsidiaries received a letter from the Nasdaq Stock Market ("Nasdaq") notifying the Company that as a result of not having timely filed its Quarterly Report on Form 10-Q for the period ended March 31, 2021 (the "Form 10-Q") that the Company was not in compliance with the requirements of Nasdaq Listing Rule 5250(c)(1). On August 25, 2021, the Company received an additional letter from Nasdaq indicating that the Company remains delinquent in filing the Form 10-Q for the period ended March 31, 2021 as well as for the period ended June 30, 2021 and therefore is not in compliance with Nasdaq Rule 5250(c)(1). The additional letter states that the Company is required to submit a plan to regain compliance with the rule by September 3, 2021 and that any exception to allow the Company to regain compliance, if granted, would require compliance by November 22, 2021.

On August 31, 2021, the Company and certain of its subsidiaries commenced voluntary Chapter 11 proceedings under Chapter 11 of the United States in the United States Bankruptcy Court for the District of Delaware. The Company received a letter from Nasdaq notifying the Company that, in accordance with Nasdaq Listing Rules 5101, 5110(b) and IM-5101-1 and as a result of its Chapter 11 filing and the existing non-compliance due to filing delinquencies, the trading of the Company's common stock will be suspended at the opening of business on September 9, 2021 and a Form 25-NSE will be filed with the Securities and Exchange Commission which will remove the Company's securities from listing and registration on the Nasdaq.

Item 7.01. Regulation FD Disclosure.

On August 31, 2021, the Company issued a press release announcing the delisting of the Company's securities from listing and registration on The Nasdaq Stock Market. A copy of the press release is attached as Exhibit 99.1 hereto and incorporated herein by reference.

The information contained in this Item 7.01, including in Exhibit 99.1, shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference into any of the Company's filings under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date hereof and regardless of any general incorporation language in such filings, except to the extent expressly set forth by specific reference in such a filing.

Item 9.01. Financial Statements and Exhibits.





(d) Exhibits.



Exhibit
Number   Description
  99.1     Press Release, dated August 31, 2021

Latest news about Sequential Brands Group, Inc.

Sequential Brands Group, Inc. Went Out of Business	03/22/03	CI
First Amended Joint Liquidation Plan Approved for Sequential Brands Group, Inc.	22/22/22	CI
First Amended Disclosure Statement Approved for Sequential Brands Group, Inc.	07/22/07	CI
First Motion for Exclusivity Period Extension Approved For Sequential Brands Group, Inc.	06/22/06	CI
First Amended Joint Liquidation Plan and Disclosure Statement Filed by Sequential Brands Group, Inc.	03/22/03	CI
First Motion for Exclusivity Period Extension Filed by Sequential Brands Group, Inc.	21/21/21	CI
Joint Liquidation Plan and Disclosure Statement Filed by Sequential Brands Group, Inc.	07/21/07	CI
Galaxy Universal LLC completed the acquisition of And1, Avia, Gaiam, SPRI and Swisstech brands of Sequential Brands Group, Inc. (OTCPK:SQBG.Q).	12/21/12	CI
With You, Inc. completed the acquisition of 62.5% stake in The Jessica Simpson Collection from Sequential Brands Group, Inc. (OTCPK:SQBG.Q).	12/21/12	CI
Motion for Asset Sale Approved for Sequential Brands Group, Inc.	03/21/03	CI
Motion for Asset Sale Approved for Sequential Brands Group, Inc.	03/21/03	CI
Motion for Asset Sale Approved for Sequential Brands Group, Inc.	03/21/03	CI
Motion for Asset Sale Approved for Sequential Brands Group, Inc.	03/21/03	CI
Sequential Brands Group, Inc. Announces Board Changes, Effective November 15, 2021	02/21/02	CI
KKR to Lead Debt Financing, Participate As Co-investor in Galaxy Universal's $330 Million Acquisition of Sequential Brands	29/21/29	MT
Sequential Brands Group, Inc. Announces Executive Changes	09/21/09	CI
With You, Inc. entered into a membership interest purchase agreement to acquire 62.5% stake in The Jessica Simpson Collection from Sequential Brands Group, Inc. (OTCPK:SQBG.Q) for $65 million	08/21/08	CI
GMA Accessories Inc. acquired Ellen Tracy Inc. and Caribbean Joe Island Supply Co. from Sequential Brands Group, Inc. (OTCPK:SQBG.Q) for $20 million.	01/21/01	CI
Consumer Cos Down On Mixed Spending Views -- Consumer Roundup	25/21/25	DJ
Bidding Procedure Approved for Sequential Brands Group, Inc.	24/21/24	CI
Final DIP Financing Approved for Sequential Brands Group, Inc.	21/21/21	CI
Sequential Brands Group, Inc.(OTCPK:SQBG.Q) dropped from NASDAQ Composite Index	08/21/08	CI
Consumer Cos Tick Down Amid Jobs Nervousness -- Consumer Roundup	03/21/03	DJ
Interim DIP Financing Approved for Sequential Brands Group, Inc.	02/21/02	CI
Sequential Brands Group, Inc.(NasdaqCM:SQBG) dropped from S&P TMI Index	02/21/02	CI

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Company Profile

Sequential Brands Group, Inc. owns a portfolio of consumer brands in the fashion, home, athletic and lifestyle categories. The Company's portfolio of consumer brands includes Jessica Simpson, Jessica Simpson, AND1, Avia, Joe's and GAIAM. The Company's brands are licensed for a range of product categories, including retailers, wholesalers and distributors in the United States and in certain international territories. The Company licenses brands to both wholesale and direct-to-retail licensees. The Jessica Simpson Collection is a signature lifestyle concept designed in collaboration with Jessica Simpson, which offers various product categories, including footwear, apparel, fragrance, fashion accessories, maternity apparel, girls? clothing and a home line. The Avia brand offers running and activewear products.

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