U.S. SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 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 November 2022

 

Commission File Number: 001-34409

 

RECON TECHNOLOGY, LTD

 

Room 601, No.1 Shui’an South Street

Chaoyang District

Beijing, 100012

People's Republic of China

(Address of principal executive offices)

 

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   x Form 40-F  ¨

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨

 

 

 

 

 

 

 

Explanatory Note

 

As previously disclosed, on June 1, 2022, the Registrant received a letter from The Nasdaq Capital Market (“Nasdaq”) notifying the Registrant that the minimum bid price per share of its common shares was below $1.00 for a period of 30 consecutive business days and that the Registrant did not meet the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Rule”).

 

The Registrant was provided 180 calendar days, or until November 28, 2022 to regain compliance with the Minimum Bid Price Rule. Since then, Nasdaq has determined that for 10 consecutive business days, from October 25, 2022 to November 7, 2022, the closing bid price of the Registrant’s common shares has been at $1.00 per share or greater. On March 14, 2022, Nasdaq notified the Registrant that it has regained compliance with Listing Rule 5550(a)(2) and the matter is now closed.

 

A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 6-K and is incorporated herein by reference. 

 

Exhibits

 

 

Exhibit 99.1 Press release dated November 10, 2022, entitled “Recon Regains Compliance with Nasdaq Minimum Bid Price Requirement.”

 

 

 

 

 

 

        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 thereunto duly authorized.

 

  RECON TECHNOLOGY, LTD
   
  /s/ Shenping Yin
  Shenping Yin
  Chief Executive Officer
  (Principal Executive Officer)

 

Dated: November 10, 2022

 

 

 

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