<SEC-DOCUMENT>0001140361-20-023057.txt : 20201015
<SEC-HEADER>0001140361-20-023057.hdr.sgml : 20201015
<ACCEPTANCE-DATETIME>20201015170036
ACCESSION NUMBER:		0001140361-20-023057
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20201015
ITEM INFORMATION:		Other Events
FILED AS OF DATE:		20201015
DATE AS OF CHANGE:		20201015

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			RAVE RESTAURANT GROUP, INC.
		CENTRAL INDEX KEY:			0000718332
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-GROCERIES & RELATED PRODUCTS [5140]
		IRS NUMBER:				453189287
		FISCAL YEAR END:			0628

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-12919
		FILM NUMBER:		201241999

	BUSINESS ADDRESS:	
		STREET 1:		3551 PLANO PARKWAY
		CITY:			THE COLONY
		STATE:			TX
		ZIP:			75056
		BUSINESS PHONE:		469-384-5000

	MAIL ADDRESS:	
		STREET 1:		3551 PLANO PARKWAY
		CITY:			THE COLONY
		STATE:			TX
		ZIP:			75056

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PIZZA INN HOLDINGS, INC /MO/
		DATE OF NAME CHANGE:	20110923

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PIZZA INN INC /MO/
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PANTERAS CORP
		DATE OF NAME CHANGE:	19901126
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>brhc10015997_8k.htm
<DESCRIPTION>8-K
<TEXT>
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      <div style="text-align: center; font-size: 14pt; font-weight: bold;">UNITED STATES</div>
      <div style="text-align: center; font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
      <div style="text-align: center; font-size: 12pt; font-weight: bold;">Washington, D.C. 20549</div>
      <div><br>
      </div>
      <div style="text-align: center; font-size: 18pt; font-weight: bold;">FORM 8&#8209;K</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">CURRENT REPORT</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" align="center" id="z40cb13eb89284f31a4375c72f51be1b0" style="border-collapse: collapse; width: 100%; color: #000000; font-family: 'Times New Roman'; font-size: 10pt; text-align: left;">

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            <td style="width: 15%; vertical-align: top; padding-bottom: 2px;" colspan="1">&#160;</td>
            <td style="width: 40%; vertical-align: top; padding-bottom: 2px;">
              <div style="text-align: center;">Date of Report (Date of earliest event reported): </div>
            </td>
            <td style="width: 30%; vertical-align: top; border-bottom: 2px solid black;">
              <div style="text-align: center; font-weight: bold;">October 15, 2020</div>
            </td>
            <td style="width: 15%; vertical-align: top; padding-bottom: 2px;" colspan="1">&#160;</td>
          </tr>

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      <div><br>
      </div>
      <div style="text-align: center; font-size: 24pt; font-weight: bold;">Rave Restaurant Group, Inc.</div>
      <div style="text-align: center;">(Exact name of registrant as specified in its charter)</div>
      <div><br>
      </div>
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            <td style="width: 34.45%; vertical-align: top;">
              <div style="text-align: center; font-weight: bold;">Missouri</div>
            </td>
            <td style="width: 32.89%; vertical-align: top;">
              <div style="text-align: center; font-weight: bold;">0-12919</div>
            </td>
            <td style="width: 32.65%; vertical-align: top;">
              <div style="text-align: center; font-weight: bold;">45-3189287</div>
            </td>
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            <td style="width: 34.45%; vertical-align: top;">
              <div style="text-align: center;">(State or other jurisdiction of incorporation)</div>
            </td>
            <td style="width: 32.89%; vertical-align: top;">
              <div style="text-align: center;">(Commission File Number)</div>
            </td>
            <td style="width: 32.65%; vertical-align: top;">
              <div style="text-align: center;">(IRS Employer Identification No.)</div>
            </td>
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            <td style="width: 49%; vertical-align: top;">
              <div style="text-align: center; font-weight: bold;">3551 Plano Parkway, The Colony, Texas</div>
            </td>
            <td style="width: 2%; vertical-align: top;">&#160;</td>
            <td style="width: 49%; vertical-align: top;">
              <div style="text-align: center; font-weight: bold;">75056</div>
            </td>
          </tr>
          <tr>
            <td style="width: 49%; vertical-align: top;">
              <div style="text-align: center;">(Address of principal executive offices)</div>
            </td>
            <td style="width: 2%; vertical-align: top;">&#160;</td>
            <td style="width: 49%; vertical-align: top;">
              <div style="text-align: center;">(Zip Code)</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-align: center;">Registrant&#8217;s telephone number, including area code: <font style="font-weight: bold;">(469) 384-5000</font></div>
      <div><br>
      </div>
      <div style="text-align: center;">Securities registered pursuant to Section 12(b) of the Act:</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" id="zdadf45f25a3f45d29ea74509352e314e" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

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            <td style="width: 33.33%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center; font-weight: bold;">Title of each class</div>
            </td>
            <td style="width: 34%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
              <div style="text-align: center; font-weight: bold;">Trading Symbol(s)</div>
            </td>
            <td style="width: 33%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
              <div style="text-align: center; font-weight: bold;">Name of each exchange on which registered</div>
            </td>
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            <td style="width: 33.33%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center;">Common Stock, $0.01 par value</div>
            </td>
            <td style="width: 34%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
              <div style="text-align: center;">RAVE</div>
            </td>
            <td style="width: 33%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
              <div style="text-align: center;">Nasdaq Capital Market</div>
            </td>
          </tr>

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      <div><br>
      </div>
      <div style="text-align: justify;">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<font style="font-style: italic;">&#160;</font>General Instruction A.2. below):</div>
      <div><br>
      </div>
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            <td style="width: 18pt; vertical-align: top; align: right;">&#9744;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</div>
            </td>
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            <td style="width: 18pt; vertical-align: top; align: right;">&#9744;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div> Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</div>
            </td>
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            <td style="width: 18pt; vertical-align: top; align: right;">&#9744;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</div>
            </td>
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            <td style="width: 18pt; vertical-align: top; align: right;">&#9744;</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-align: justify;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule
        12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter).&#160; Emerging growth company&#160;&#160; &#9744;</div>
      <div><br>
      </div>
      <div style="text-align: justify;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised
        financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.&#160;&#160; &#9744;</div>
      <div style="text-align: justify;"> <br>
      </div>
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            <td style="width: 72pt; vertical-align: top; align: right; font-weight: bold;">Item 8.01</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="font-weight: bold;">Other Events</div>
            </td>
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      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">As previously disclosed, on July 1, 2020, Rave Restaurant Group, Inc. (the &#8220;Company&#8221;) received notice from Nasdaq that, based on the Company&#8217;s Form
        10-Q for the fiscal quarter ended March 29, 2020, the Company was not in compliance with Nasdaq&#8217;s continued listing standard for minimum stockholders&#8217; equity of at least $2.5 million.&#160; The notice further advised that, as of July 1, 2020, the
        Company also did not meet the alternative continued listing standards of either (a) market value of listed securities of at least $35.0 million, or (b) net income from continuing operations of $0.5 million for the most recently completed fiscal
        year or two of the three most recently completed fiscal years.</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">Subsequent to the Company&#8217;s most recent fiscal quarter ended September 27, 2020, the Company has sold 2,539,682 shares of its common stock at a
        weighted average price of $1.48 per share in at-the-market sales pursuant to an effective registration statement on Form S-3 (File No. 333-221169).&#160; The Company received aggregate gross proceeds of $3.76 million and aggregate net proceeds of $3.65
        million from the at-the-market sales of its common stock.</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">As a result of the foregoing at-the-market sales of its common stock, the Company believes that, as of the date of this Report, it has regained
        compliance with Nasdaq&#8217;s continued listing standard for minimum stockholders&#8217; equity of at least $2.5 million.&#160; Nasdaq will continue to monitor the Company&#8217;s ongoing compliance with the stockholders&#8217; equity requirement.&#160; If the Company&#8217;s Form 10-Q
        for the fiscal quarter ending December 27, 2020 does not evidence such compliance, the Company&#8217;s common stock may be subject to delisting.</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt; font-style: italic;">This Current Report on Form 8-K contains &#8220;forward-looking&#8221; statements within the meaning of Section 27A of the Securities Act of
        1933 and Section 21E of the Securities Exchange Act of 1934, including statements related to the Company&#8217;s compliance with Nasdaq&#8217;s continued listing standards.&#160; These forward-looking statements are based on current expectations that involve
        numerous risks, uncertainties and assumptions.&#160; Assumptions relating to these forward-looking statements involve judgments with respect to, among other things, future economic, competitive and market conditions, regulatory framework and future
        business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond the control of the Company.&#160; Although the Company believes the assumptions underlying these forward-looking statements are reasonable,
        any of the assumptions could be inaccurate and, therefore, there can be no assurance that any forward-looking statements will prove to be correct.&#160; In light of the significant uncertainties inherent in these forward-looking statements, the
        inclusion of such information should not be regarded as a representation that the objectives and plans of the Company will be achieved.</div>
      <div style="text-align: justify; font-style: italic;"> <br>
      </div>
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      <div style="text-align: center;">SIGNATURES</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">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.</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" id="z6ac5ae9b1c774b72a8dcd1f813afcc60" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

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            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 47%; vertical-align: top;">
              <div style="text-align: justify;">RAVE RESTAURANT GROUP, INC.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 47%; vertical-align: top;">&#160;</td>
          </tr>
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            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: justify;">Date:&#160; October 15, 2020</div>
            </td>
            <td style="width: 3%; vertical-align: top;">
              <div style="text-align: justify;">By:</div>
            </td>
            <td style="width: 47%; vertical-align: top; border-bottom: 2px solid black;">
              <div style="text-align: justify;">/s/ CLINTON D. FENDLEY</div>
            </td>
          </tr>
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 47%; vertical-align: top;">
              <div style="text-align: justify;">Clinton D. Fendley</div>
            </td>
          </tr>
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 47%; vertical-align: top;">
              <div style="text-align: justify;">Vice President &#8211; Finance</div>
            </td>
          </tr>
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 47%; vertical-align: top;">
              <div style="text-align: justify;">(principal financial officer)</div>
            </td>
          </tr>

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</SEC-DOCUMENT>
