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): October 16, 2017

 

CHINA GREEN AGRICULTURE, INC.

(Exact name of Registrant as specified in charter)

 

Nevada   001-34260   36-3526027
(State or other jurisdiction   (Commission File No.)   (IRS Employer
of Incorporation)       Identification No.)

 

3rd floor, Borough A, Block A. No. 181, South Taibai Road,

Xi’an, Shaanxi province, PRC 710065

(Address of principal executive offices) (Zip Code)

 

Registrant's telephone number, including area code: (+86) 29-88231591

 

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 (17CFR230.425)
   
Soliciting material pursuant to Rule14a-12 under the Exchange Act (17CFR240.14a-12)
   
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17CFR240.14d-2(b))
   
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17CFR240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in 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 October 16, 2017, China Green Agriculture, Inc. (the “Company”) received a notice from the New York Stock Exchange (the “NYSE”) indicating that the Company is not in compliance with the NYSE’s continued listing requirements under the timely filing criteria established in Section 802.01E of the NYSE Listed Company Manual as a result of its failure to timely file its Annual Report on Form 10-K for the fiscal year ended June 30, 2017 (the “2017 Form 10-K”).

 

As reported by the Company in its Form 12b-25 filed with the Securities and Exchange Commission (the “SEC”) on September 28, 2017, the Company was unable to file the 2017 Form 10-K within the prescribed time period without unreasonable effort or expense. The extension period provided under Rule 12b-25 expired on October 13, 2017. The Company was unable to file the 2017 Form 10-K within the extension period because, during the period covered by the 2017 Form 10-K, the Company completed eight acquisitions, tripling the number of subsidiaries. Also, the 2017 fiscal year constituted the first full year operations of a new wholesale segment of the Company. Because of the complexity introduced by these factors, the Company’s internal accounting staff was unable to complete the statements in time for delivery to the Company’s independent registered public accounting firm .The Company filed the 2017 Form 10-K on October 19, 2017.

 

The NYSE informed the Company that, under the NYSE’s rules, the Company will have six months from the filing due date to file the 2017 Form 10-K with the SEC. As noted above, the Company filed the 2017 Form 10-K on October 19, 2017, and thus regained compliance with the NYSE continued listing requirements.

 

Attached as Exhibit 99.1 hereto, and incorporated herein by reference, is a copy of the Company’s press release dated October 20, 2017, announcing the receipt of the NYSE notice.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits.

 

EXHIBIT NO. DESCRIPTION
     
99.1   Press Release dated October 20, 2017.

 

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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.

 

  CHINA GREEN AGRICULTURE, INC.
     
  By: /s/ Tao Li
  Name: Tao Li
  Title: Chief Executive Officer
     
  Date: October 20, 2017

 

 

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