Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
October 10 2023 - 8:30AM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
6-K
REPORT
OF FOREIGN PRIVATE ISSUER
PURSUANT
TO RULE 13a-16 OR 15d-16
UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For
the month of October 2023
Commission
File Number: 001-38851
POWERBRIDGE
TECHNOLOGIES CO., LTD.
(Translation
of Registrant’s name into English)
Advanced
Business Park, 9th Fl, Bldg C2,
29
Lanwan Lane, Hightech District,
Zhuhai,
Guangdong 519080, China
(Address
of Principal Executive Office)
Indicate
by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form
20-F ☒ Form 40-F ☐
EXHIBIT
INDEX
SIGNATURE
Pursuant
to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
Date:
October 10, 2023
|
POWERBRIDGE
TECHNOLOGIES CO., LTD. |
|
|
|
|
By: |
/s/
Stewart Lor |
|
|
Stewart
Lor |
|
|
Chief
Executive Officer |
2
Exhibit 99.1
Powerbridge Technologies Co., Ltd. Regains Compliance
with Nasdaq Minimum Bid Price Requirement
ZHUHAI, China, October 10, 2023 /PRNewswire/ —
Powerbridge Technologies Co., Ltd. (Nasdaq: PBTS) (the “Company”), a provider of multi-industry technology solutions, today
announced that it has received a notification letter from the Listing Qualifications Department of the Nasdaq Stock Market LLC (the “Nasdaq”)
dated October 6, 2023, stating that the closing bid price of the Company’s ordinary shares has been at $1.00 per share or greater
for 10 consecutive trading days, from September 22 to October 5, 2023. Accordingly, the Company has regained compliance with the minimum
bid price requirement under Nasdaq Listing Rule 5550(a)(2).
As previously disclosed, the Company received
a letter from the Nasdaq on August 11, 2023, stating that the Company was not in compliance with the minimum bid price requirement as
set forth under Nasdaq Listing Rule 5550(a)(2) for continued listing on the Nasdaq, as the closing bid price of the Company’s ordinary
shares for the 30 consecutive business days from June 28, 2023 to August 10, 2023 had been below $1.00 per share. In accordance with the
Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided 180 calendar days, or until February 7, 2024, to regain compliance with
Nasdaq Listing Rule 5550(a)(2).
About Powerbridge Technologies
Powerbridge Technologies Co., Ltd. (Nasdaq: PBTS)
is a global provider of technology solutions and services across multiple industries. The Company is engaged in four segments of business:
global trade digital platform and services, agritech and agribusiness solutions, integrated renewable energy and agribusiness solutions,
and crypto equipment trading and cryptomining operations.
Safe Harbor Statement
This press release contains forward-looking statements
as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives,
goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical
facts. When the Company uses words such as “may”, “will”, “intend,” “should,” “believe,”
“expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate
solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance
and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed
in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following:
the Company’s goals and strategies; the Company’s future business development; product and service demand and acceptance;
changes in technology; economic conditions; reputation and brand; the impact of competition and pricing; government regulations; fluctuations
in general economic and business conditions in China and assumptions underlying or related to any of the foregoing and other risks contained
in reports filed by the Company with the Securities Exchange Commission (the “SEC”). For these reasons, among others, investors
are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed
in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly
revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.
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