Report of Foreign Issuer (6-k)
November 08 2017 - 11:46AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of November, 2017
Commission File Number 1-37459
YULONG ECO-MATERIALS LIMITED
Eastern End of Xiwuzhuang Village
Jiaodian Town, Xinhua Area
Pingdingshan, HenanProvince
People’s Republic of China 467091
Indicate by check mark whether the registrant files or will
file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F ☒ Form
40-F ☐
Indicate by check mark if the registrant is submitting the
Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the
Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
Reverse Stock Split
Yulong Eco-Materials
Limited (the “Company”) today announced that effective at 12:01 am, Eastern Time, on November 9, 2017 ("Effective
Date"), the Company will effect a one-for-five reverse stock split (the "Reverse Stock Split") of its outstanding
common stock. The Company's common stock will open for trading on the NASDAQ Capital Market on November 9, 2017 on a post-split
basis.
The Reverse Stock Split
is intended to increase the per share trading price of the Company's common stock to satisfy the $1.00 minimum bid price requirement
for continued listing on the NASDAQ Capital Market. When the reverse stock split becomes effective, every five (5) shares of common
stock will automatically convert into one (1) share of common stock with no change in par value per share. This will reduce the
number of shares outstanding as of November 8, 2017 from approximately 12,055,324 to approximately 2,411,065. Any fractional shares
resulting from the reverse stock split will be rounded up to the next whole share. There is no impact on the actual trading of
the Company’s shares. They will continue to trade on the NASDAQ Capital Market without interruption under the symbol YECO.
The new CUSIP number for the common stock following the reverse split will be G98847208.
Proportional adjustments
will be made to the Company’s outstanding stock options, outstanding warrants and equity-compensation plans. The number of
authorized shares of the Company will remain unchanged and the reverse stock split will not affect the common stock capital account
on our balance sheet.
Stockholders holding common shares through
a brokerage account or book entry form will have their shares automatically adjusted to reflect the reverse stock split as of the
effective date. The Company's transfer agent, Interwest Transfer Co., Inc.(“Interwest”) will act as the exchange agent
for the Reverse Stock Split. If you have shares held a brokerage or bank, you can contact them directly with any questions. If
you hold shares in book entry form or you hold physical certificates, you should contact Interwest at 801-272-9294.
Forward-Looking Statements
This press release contains forward-looking
statements, particularly as related to, among other things, the business plans of the Company, statements relating to goals, plans
and projections regarding the Company's financial position and business strategy. The words or phrases "plans," "would
be," "will allow," "intends to," "may result," "are expected to," "will continue,"
"anticipates," "expects," "estimate," "project," "indicate," "could,"
"potentially," "should," "believe," "think," "considers" or similar expressions
are intended to identify "forward-looking statements." These forward-looking statements fall within the meaning of Section
27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 and are subject to the safe harbor created by these
sections. Actual results could differ materially from those projected in the forward-looking statements as a result of a number
of risks and uncertainties. Such forward-looking statements are based on current expectations, involve known and unknown risks,
a reliance on third parties for information, transactions or orders that may be cancelled, and other factors that may cause our
actual results, performance or achievements, or developments in our industry, to differ materially from the anticipated results,
performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to
differ materially from anticipated results include risks and uncertainties related to the fluctuation of local, regional, and global
economic conditions, the performance of management and our employees, our ability to obtain financing, competition, general economic
conditions and other factors that are detailed in our periodic reports and on documents we file from time to time with the Securities
and Exchange Commission. Statements made herein are as of the date of this press release and should not be relied upon as of any
subsequent date, and the Company specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences,
developments, unanticipated events or circumstances after the date of such statement.
SIGNATURES
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.
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YULONG ECO-MATERIALS LIMITED.
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Date:
November 8, 2017
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By:
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/s/
Yulong Zhu
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Yulong
Zhu, Chief Executive Officer
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