Internet Software and Services
Company Overview of LookSmart, Ltd.
As of October 28, 2015, LookSmart, Ltd. was acquired by Maritime Technologies Corp. LookSmart, Ltd. provides digital advertising solutions for search and display advertising customers in the United States, Europe, Middle East, and Africa. The company’s Clickable platform helps brands and agencies measure marketing ROI through a customer’s lifetime by connecting critical marketing and advertising products and services. Its platform also allows customers to manage paid, owned, and earned media by providing a suite of solutions for social media marketers, including publishing, monitoring, data storage, compliance, management, ad placement, and analytics. The company’s Clickable Analytics, a das...
555 California Street
San Francisco, CA 94105
Founded in 1996
Key Executives for LookSmart, Ltd.
LookSmart, Ltd. does not have any Key Executives recorded.
LookSmart, Ltd. Key Developments
LookSmart, Ltd.(NasdaqCM:LOOK) dropped from NASDAQ Composite Index
Oct 27 15
LookSmart, Ltd. will be removed from Nasdaq Composite Index.
LookSmart, Ltd., Special/Extraordinary Shareholders Meeting, Oct 26, 2015
Oct 13 15
LookSmart, Ltd., Special/Extraordinary Shareholders Meeting, Oct 26, 2015., at 10:00 US Eastern Standard Time. Location: the offices of Sichenzia Ross Friedman Ference LLP. Agenda: To consider proposal to effect the reverse split of issued and outstanding common stock by a ratio of not less than one-for-two and not more than one-for-ten at any time prior to November 30, 2015, with the exact ratio to be set at a whole number within this range, as determined by board of directors in its sole discretion; to consider a proposal to adopt the Spin-Off of LookSmart’s business, assets and liabilities into Holdco; to consider a proposal to adopt the merger agreement and to approve the transactions contemplated by such agreement; and to consider and vote upon a proposal to adjourn the special meeting to a later date or dates, if necessary, to permit further solicitation and vote of proxies if, based upon the tabulated vote at the time of the special meeting.
LookSmart Receives Delisting Notice From NASDAQ; Company Requests Hearing Before Panel
Sep 28 15
On September 22, 2015, the Listing Qualifications Staff of The NASDAQ Stock Market LLC (NASDAQ) notified LookSmart, Ltd. that, based upon the Company’s non-compliance with the minimum $2.5 million stockholders’ equity requirement for continued listing on The Nasdaq Capital Market, as set forth in NASDAQ Listing Rule 5550(b), the Company was subject to delisting from NASDAQ unless it timely requests a hearing before the NASDAQ Hearings Panel. The Company plans to request a hearing before the Panel to address the deficiency, which request will stay any delisting action pending the ultimate outcome of the hearing process. The Panel has the discretion to grant the Company an additional 180 days from the date of the Staff’s notice to satisfy the applicable listing criteria, through March 21, 2016. The Company remains subject to a grace period, through January 3, 2016, to regain compliance with the minimum $1.00 bid price requirement. As previously disclosed, the Company has entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Pyxis Tankers Inc. (“Pyxis”), the consummation of which will require the combined entity to satisfy the requirements for initial listing on NASDAQ. Pyxis has filed an application to list the combined entity’s securities on NASDAQ concurrent with the completion of the merger. If the transactions contemplated by the Merger Agreement, which are subject to approval by the Company’s stockholders at a special meeting, are completed, the holders of the Company’s common stock will receive securities in the combined entity and each share of the Company’s common stock will be cancelled.
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