Current Report Filing (8-k)
July 09 2019 - 12:17PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or Section 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported):
July 9, 2019 (July 3, 2019)
Bat Group, Inc.
(Exact name of registrant as specified in its
charter)
Delaware
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001-36055
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45-4077653
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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 104, No. 33 Section D,
No. 6 Middle Xierqi Road,
Haidian District, Beijing, China
(Address of Principal Executive Offices)
+86 (010) 59441080
(Issuer’s telephone number)
(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 to the registrant under any of the following provisions:
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☐
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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☐
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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☐
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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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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. ☐
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
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GLG
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Nasdaq
Capital Market
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Item
3.01
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On
July 3, 2019, Bat Group, Inc. (the “
Company
”) received a notification letter from the Nasdaq Listing Qualifications
Staff of The NASDAQ Stock Market LLC (“
Nasdaq
”) notifying the Company that the minimum bid price per share
for its common shares has been below $1.00 for a period of 30 consecutive business days and the Company therefore no longer meets
the
minimum bid price requirements set forth in Nasdaq Listing Rule 5550(a)(2).
The
notification received has no immediate effect on the listing of the Company’s common stock on Nasdaq. Under the Nasdaq Listing
Rules, the Company has until December 30, 2019 to regain compliance. If at any time during such 180-day period the closing bid
price of the Company’s common shares is at least $1 for a minimum of 10 consecutive business days, Nasdaq will provide the
Company written confirmation of compliance.
If
the Company does not regain compliance during such 180-day period, the Company may be eligible for an additional 180 calendar days,
provided that the Company meets the continued listing requirement for market value of publicly held shares and all other initial
listing standards for Nasdaq except for Nasdaq Listing Rule 5550(a)(2), and provide a written notice of its intention to cure this
deficiency during the second compliance period, by effecting a reverse stock split, if necessary.
The
Company, by filing this Form 8-K, discloses its receipt of the notification from Nasdaq in accordance with Nasdaq Listing Rule
5810(b).
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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BAT GROUP, INC.
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Date: July 9, 2019
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By:
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/s/ Jiaxi Gao
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Name:
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Jiaxi Gao
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Title:
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Chief Executive Officer
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