Current Report Filing (8-k)
March 19 2020 - 9:33AM
Edgar (US Regulatory)
UNITED STATES
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
Date of Report (Date of earliest event
reported): March 19, 2020 (March 19, 2020)
TAKUNG
ART CO., LTD
(Exact name of registrant as specified
in its charter)
Delaware
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001-38036
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26-4731758
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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(IRS Employer
Identification No.)
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Room 1105 Wing On Plaza, 62 Mody Road,
Tsim Sha Tsui, Kowloon, Hong Kong
(Address of Principal Executive Offices)
Registrant’s telephone number:
+852 3158 0977
(Former
name or former address, if changed since last report)
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 General
Instruction A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act:
Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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Common Stock, par value $0.001 per share
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TKAT
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NYSE American
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Indicate by check mark whether the registrant is an emerging
growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities
Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ¨
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. ¨
Takung Art Co., Ltd (the “Company”)
will be relying on the Securities and Exchange Commission’s Order under Section 36 of the Securities Exchange Act of 1934
Granting Exemptions From Specified Provisions of the Exchange Act and Certain Rules Thereunder dated March 4, 2020 (Release No.
34-88318) (the “Order”) to delay the filing of its Annual Report on Form 10-K for the year ended December 31, 2019
(the “Report”) due to the circumstances related to COVID-19. In particular, COVID-19 has caused severe disruptions
in transportation and limited access to the Company’s facilities resulting in limited support from its staff and professional
advisors. This has, in turn, delayed the Company’s ability to complete its audit and prepare the Report. Notwithstanding
the foregoing, the Company expects to file the Report no later than May 14, 2020 (which is 45 days from the Report’s original
filing deadline of March 30, 2020).
In light of the current COVID-19 pandemic,
the Company will be including the following Risk Factor into its Report:
An occurrence of an uncontrollable event such as the COVID-19
pandemic is likely to negatively affect our operations.
The occurrence of an uncontrollable event
such as the COVID-19 pandemic is likely to negatively affect our operations. A pandemic typically results in social distancing,
travel bans and quarantine, and this has limited access to our facilities, customers, management, support staff and professional
advisors. These, in turn, will not only impact our operations, financial condition and demand for our goods and services but our
overall ability to react timely to mitigate the impact of this event. Also, it will substantially hamper our efforts to provide
our investors with timely information and comply with our filing obligations with the Securities and Exchange Commission.
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 hereunto duly authorized.
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Takung Art Co., Ltd
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Date: March 19, 2020
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/s/ Fang Mu
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Name: Fang Mu
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Title: Chief Executive Officer
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