Current Report Filing (8-k)
July 15 2020 - 04:55PM
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): July 9, 2020
Blox, Inc.
(Exact Name of Registrant as Specified in Charter)
Nevada |
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000-53565 |
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20-8530914 |
(State
or Other Jurisdiction
of Incorporation) |
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(Commission
File Number) |
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(IRS
Employer
Identification No.) |
5th Floor, 1177 Avenue of Americas, New York, NY
10036
(Address of Principal Executive Offices) (Zip Code)
(604)-314-9293
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:
☐ |
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)) |
Title of each
class |
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Trading Symbol(s) |
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Name of each exchange on which
registered |
Common
Shares |
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BLXX |
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OTC
US |
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
July 9, 2020, Blox, Inc. (“we”, “us”, “our”, the “Company”)
received notice from OTC Markets Group that the closing bid price
of our common shares has closed below $0.01 for more than 30
consecutive calendar days and no longer meets the Standards for
Continued Eligibility for the OTCQB quotation tier as per the OTCQB
Standards Section 2.3(2), which states that the company must
“maintain proprietary priced quotations published by a Market Maker
in OTC Link with a minimum closing bid price of $0.01 per share on
at least one of the prior thirty consecutive calendar days.”
As
per Section 4.1 of the OTCQB Standards, the company will be granted
a cure period of 90 calendar days during which the minimum closing
bid price for the Company’s common stock must be $0.01 or greater
for ten consecutive trading days in order to continue trading on
the OTCQB marketplace. If the requirement is not met by October 7,
2020, the Company will be removed from the OTCQB marketplace and
demoted to the OTC Pink reporting tier. In addition, if the
Company’s closing bid price falls below $0.001 at any time for five
consecutive trading days, the Company will be immediately removed
from the OTCQB and demoted to the OTC Pink reporting tier.
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.
Dated: July 15, 2020
Blox, Inc.
/s/ Ronald Renee |
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Ronald Renne |
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Chairman |
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