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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001144204-08-054293.txt : 20080924
<SEC-HEADER>0001144204-08-054293.hdr.sgml : 20080924
<ACCEPTANCE-DATETIME>20080924133420
ACCESSION NUMBER:		0001144204-08-054293
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20080923
ITEM INFORMATION:		Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20080924
DATE AS OF CHANGE:		20080924

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PRO DEX INC
		CENTRAL INDEX KEY:			0000788920
		STANDARD INDUSTRIAL CLASSIFICATION:	SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841]
		IRS NUMBER:				841261240
		STATE OF INCORPORATION:			CO
		FISCAL YEAR END:			0608

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-14942
		FILM NUMBER:		081086188

	BUSINESS ADDRESS:	
		STREET 1:		2361 MCGAW AVENUE
		CITY:			IRVINE
		STATE:			CA
		ZIP:			92614
		BUSINESS PHONE:		949-769-3200

	MAIL ADDRESS:	
		STREET 1:		2361 MCGAW AVENUE
		CITY:			IRVINE
		STATE:			CA
		ZIP:			92614
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
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      STATES</strong></font></div>
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      AND EXCHANGE COMMISSION</strong></font></div>
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      D.C. 20549</strong></font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
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      INC.</strong></font></div>
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      the
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      satisfy the filing obligation of the registrant under any of the following
      provisions ( </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>see
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      <font style="FONT-FAMILY: Wingdings">o</font>&#160;&#160;Pre-commencement
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      or</u></strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>Standard;
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">On
      September 23, 2008, Pro-Dex, Inc. (the &#8220;Company&#8221;) received a letter from The
      Nasdaq Stock Market (&#8220;Nasdaq&#8221;) indicating that the bid price of its common stock
      for the last 30 consecutive business days had closed below the minimum $1.00
      per
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      Pursuant to Nasdaq Marketplace Rule 4310(c)(8)(D), the Company has been provided
      an initial period of 180 calendar days, or until March 23, 2009, to regain
      compliance. The letter states the Nasdaq staff will provide written notification
      that the Company has achieved compliance with Rule 4310(c)(4) if at any time
      before March 23, 2009, the bid price of the Company&#8217;s common stock closes at
      $1.00 per share or more for a minimum of 10 consecutive business days, although
      the letter also states that the Nasdaq staff has the discretion to require
      compliance for a period in excess of 10 consecutive business days, but generally
      no more than 20 consecutive business days, under certain circumstances.
</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">If
      the Company cannot demonstrate compliance with Rule 4310(c)(4) by March 23,
      2009, the Nasdaq staff will determine whether the Company meets The Nasdaq
      Capital Market initial listing criteria set forth in Nasdaq Marketplace Rule
      4310(c), except for the bid price requirement. If the Company meets the initial
      listing criteria, the Nasdaq staff will notify the Company that it has been
      granted an additional 180 calendar day compliance period. If the Company is
      not
      eligible for an additional compliance period, the Nasdaq staff will provide
      written notice that the Company&#8217;s securities will be delisted. At that time, the
      Company may appeal the Nasdaq staff&#8217;s determination to delist its securities to
      a Listing Qualifications Panel.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>Item
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(c)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Exhibits.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Exhibit
      99.1</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Press
      release dated September 24, 2008 concerning receipt of&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">listing
      notification letter from The Nasdaq Stock Market. </font></div><br>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">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.</font></div>
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            <td width="20%"><font size="2">99.1 </font></td>
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              release dated September 24, 2008 concerning receipt of&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">listing
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</font></td>
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<DOCUMENT>
<TYPE>EX-99.1
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      Unassociated Document
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    <div style="DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: -72pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>EXHIBIT
      99.1</strong></font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman"><strong>PRO-DEX,
      INC RECEIVES NASDAQ LETTER</strong></font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">Irvine,
      California, September 24, 2008 -- Pro-Dex, Inc. (the "Company") (Nasdaq Capital
      Markets: PDEX) today announced it has received a Nasdaq Staff Deficiency Letter
      on September 23, 2008 indicating that the Company fails to comply with the
      minimum bid price requirement for continued listing set forth in Marketplace
      Rule 4310(c)(4). The letter gives the Company notice that the Company's bid
      price of its common stock has closed under $1.00 for the last 30 business days.
      </font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">Pursuant
      to Nasdaq Marketplace Rule 4310(c)(8)(D), the Company has been provided an
      initial period of 180 calendar days, or until March 23, 2009, to regain
      compliance. The letter states the Nasdaq staff will provide written notification
      that the Company has achieved compliance with Rule 4310(c)(4) if at any time
      before March 23, 2009, the bid price of the Company's common stock closes at
      $1.00 per share or more for a minimum of 10 consecutive business days, although
      the letter also states that the Nasdaq staff has the discretion to require
      compliance for a period in excess of 10 consecutive business days, but generally
      no more than 20 consecutive business days, under certain circumstances.
</font></div>
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      the Company cannot demonstrate compliance with Rule 4310(c)(4) by March 23,
      2009, the Nasdaq staff will determine whether the Company meets The Nasdaq
      Capital Market initial listing criteria set forth in Nasdaq Marketplace Rule
      4310(c), except for the bid price requirement. If the Company meets the initial
      listing criteria, the Nasdaq staff will notify the Company that it has been
      granted an additional 180 calendar day compliance period. If the Company is
      not
      eligible for an additional compliance period, the Nasdaq staff will provide
      written notice that the Company's securities will be delisted. At that time,
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      to
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