8-K 1 pal901.txt CURRENT REPORT 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 December 2, 2002 _________________________________ (Date of earliest event reported) Niku Corporation ______________________________________________________ (Exact name of Registrant as specified in its charter) Delaware 000-28797 77-0473454 ________________________________________________________________________________ (State of Incorporation) (Commission File No.) (IRS Employer Identification No.) 305 Main Street Redwood City, California 94063 ____________________________________________________________ (Address of principal executive offices, including zip code) (650) 298-4600 ____________________________________________________ (Registrant's telephone number, including area code) Not Applicable. _____________________________________________________________ (Former name or former address, if changed since last report) ITEM 5. OTHER EVENTS. On December 2, 2002, the Company issued a press release announcing that its common stock will trade on The Nasdaq SmallCap Market beginning December 3, 2002. A copy of the press release is filed as Exhibit 99.1 hereto. ITEM 7. EXHIBITS. Exhibit Number Description 99.1 Press Release dated December 2, 2002 SIGNATURE 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 thereunto duly authorized. NIKU CORPORATION Date: December 2, 2002 By: /s/ Joshua Pickus _____________________________ Name: Joshua Pickus Title: President and Chief Executive Officer and Chief Financial Officer EXHIBIT INDEX Exhibit Number Description 99.1 Press Release dated December 2, 2002 EXHIBIT 99.1 Investor Contact Media Contact Leonard Yee Rick Downer Niku Corporation Niku Corporation 650-298-3176 650-298-4691 lyee@niku.com rdowner@niku.com FOR IMMEDIATE RELEASE NIKU TO TRADE ON NASDAQ SMALLCAP MARKET Redwood City, CA--December 2, 2002--Niku Corporation (Nasdaq: NIKUD) announced today that its common stock will trade on The Nasdaq SmallCap Market beginning December 3, 2002. The Company's common stock will continue to trade under the symbol "NIKUD" until approximately December 19, 2002, after which trading will resume under the symbol "NIKU." To qualify for continued listing on The Nasdaq SmallCap Market an issuer must evidence, among other things, (1) a $35 million market value of listed securities, (2) a $1.00 bid price, (3) 500,000 publicly held shares, (4) a $1 million market value of publicly held shares, (5) two market makers, and (6) 300 round lot shareholders. A Nasdaq listing qualifications panel determined on November 27, 2002, that the listing of Niku's common stock will be transferred to The Nasdaq SmallCap Market from The Nasdaq National Market. The panel further determined that Niku's common stock will continue to be listed on The Nasdaq SmallCap Market provided that the company demonstrates a closing bid price of at least $1.00 for ten consecutive trading days by December 5, 2002, and a market value of listed securities of at least $35 million for ten consecutive trading days by December 20, 2002. On November 27, 2002, the closing bid price of the Company's common stock was $4.60 per share and the market value of its listed securities was approximately $40 million, following recent stock option and warrant exercises. Securities listed on The Nasdaq SmallCap Market are tradable in the same manner as securities listed on The Nasdaq National Market and prices and trading activity on The Nasdaq SmallCap Market are reported in the same manner as on The Nasdaq National Market. About Niku Niku Corporation (Nasdaq: NIKUD) develops enterprise application software that automates knowledge work in companies by integrating portfolio, collaboration, resource, financial, project, and knowledge management in one Web-native application. For more information contact info@niku.com, call 877-846-6458 (NIKU), or visit www.niku.com. # # #