Current Report Filing (8-k)
February 18 2022 - 4:32PM
Edgar (US Regulatory)
0001376321
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0001376321
2022-02-17
2022-02-17
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xbrli:shares
iso4217:USD
xbrli:shares
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):
February 17, 2022
ZW Data Action Technologies Inc.
(Exact Name of Registrant as Specified in Charter)
Nevada |
|
001-34647 |
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20-4672080 |
(State or Other Jurisdiction of Incorporation) |
|
(Commission File Number) |
|
(IRS Employer Identification No.) |
Room 1106, Xinghuo Keji Plaza, No. 2 Fufeng Road |
Fengtai District,
Beijing, CN 100070 |
(Address of Principal Executive
Offices and Zip Code) |
+86-10-60846616
Registrant's telephone number, including area code:
(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):
☐ Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section
12(b) of the Act:
Title of each class |
|
Trading Symbol(s) |
|
Name of each exchange on which registered |
Common Stock, par value $0.001 |
|
CNET |
|
NASDAQ Capital Market |
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. ☐
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued
Listing Rule or Standard; Transfer of Listing.
On February 17, 2022, ZW Data Action Technologies
Inc. (the “Company”) received a notice (the “Notice”) from The Nasdaq Stock Market (“Nasdaq”) indicating
that its common stock (the “Common Stock”), fails to comply with the $1.00 minimum bid price required for continued listing
on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2) based upon the closing bid price of the Common Stock for the 30 consecutive
business days prior to the date of the Notice. The Nasdaq rules provide the Company a compliance period of 180 calendar days from the
Notice, or until August 16, 2022, to regain compliance with Rule 5550(a)(2). To regain compliance, the minimum bid price of the Common
Stock must meet or exceed $1.00 per share for a minimum ten consecutive business days at any point prior to August 16, 2022, at which
point Nasdaq would provide written confirmation to the Company and close the matter.
The Company is presently evaluating various courses
of action to regain compliance. There can be no assurance that the Company will be able to regain compliance with Nasdaq’s rule
or will otherwise be in compliance with other Nasdaq listing criteria.
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 hereunto duly authorized.
Dated: February 18, 2022 |
ZW Data Action Technologies Inc. |
|
|
|
|
|
By: /s/ Cheng Handong |
|
Name: Cheng Handong |
|
Title: Chief Executive Officer |
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