Current Report Filing (8-k)
July 06 2020 - 5:00PM
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 2, 2020
DATASEA
INC.
(Exact
name of registrant as specified in its charter)
Nevada
|
|
001-38767
|
|
45-2019013
|
(State
or other jurisdiction
of incorporation)
|
|
(Commission
File Number)
|
|
(IRS
Employer
Identification No.)
|
20th
Floor, Tower B, Guorui Plaza
1
Ronghua South Road, Technological Development Zone
Beijing,
People’s Republic of China 100176
(Address
of principal executive offices, including zip code)
Registrant’s
telephone number, including area code: +86 10-56145240
Not
Applicable
(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)
|
|
|
|
|
☐
|
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, $0.001 par value
|
|
DTSS
|
|
The
NASDAQ Stock Market LLC
|
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. ☐
Section
3 Securities and Trading Markets
Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
On
July 2, 2020, Datasea, Inc. (the “Company”) received a notification from the Nasdaq Listing Qualifications staff (the
“Staff’) stating that since the Company has not held an annual meeting of shareholders within 12 months of the end
of its fiscal year end, it no longer complied with Nasdaq continued listing rules 5620(a) and 5810(c)(2)(G). As such, the Company
is afforded 45 calendar days to submit a plan to regain compliance with the foregoing requirement and, if the Staff accepts the
plan, the Company will be granted an exception of up to 180 calendar days from the fiscal year end, or until December 28, 2020,
to regain compliance. The Company will be added to a list of all non-compliant companies, which is posted on our website at listingcenter.nasdaq.com.
The
Company intends to submit its plan of compliance with respect to the foregoing requirement setting forth, among other things,
a proxy statement preparation and proxy solicitation timeline leading to the Company’s annual meeting of its shareholders.
While the Company intends to submit its compliance plan to address the foregoing deficiency, the Company cannot provide any assurance
that it will be able to present a plan of compliance that will be accepted by the Nasdaq staff. In the event the Company’s
plan is not accepted, the Company’s securities may be subject to delisting and the Company may have the opportunity to appeal
the staff’s delisting determination to a Hearings Panel.
Item 9.01 Financial Statements and Exhibits.
(d)
Exhibits.
NA.
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:
July 6, 2020
|
DATASEA
INC.
|
|
|
|
|
By:
|
/s/
Zhixin Liu
|
|
|
Name:
|
Zhixin
Liu
|
|
|
Title:
|
Chief
Executive Officer
|
2
Datasea (NASDAQ:DTSS)
Historical Stock Chart
From Aug 2024 to Sep 2024
Datasea (NASDAQ:DTSS)
Historical Stock Chart
From Sep 2023 to Sep 2024