Simplify the following text for a Grade 11 native English-speaking person.
Original: It received a `` Notice of Allowance '' in July 2008 which was subsequently canceled on August 6 , resulting in a formal rejection of the trademark application in less than a week later .
Simplified: The `` Notice of Allowance '' the company received in July 2008 was canceled in August , resulting in a formal rejection of the trademark application less than a week later .