Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
July 24 2023 - 4:15PM
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 July 2023
Commission File Number:
001-39738
UCOMMUNE INTERNATIONAL LTD
(Exact name of registrant as
specified in its charter)
Floor B1, Tower D
No 2 Guang Hua Road
Chaoyang District, Beijing
100026
People’s Republic
of 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 ☐
EXPLANATORY NOTE
This current report on Form
6-K (this “Form 6-K”) and the exhibit to this Form 6-K are incorporated by reference into the registration statement on Form F-3 of Ucommune International Ltd (File No. 333-257664) and the registration statement on Form F-3 of Ucommune International Ltd (File
No. 333-266899), and shall be a part thereof from the date on which this current report is furnished, to the extent not superseded by
documents or reports subsequently filed or furnished.
EXHIBIT INDEX
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, thereunto
duly authorized.
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UCOMMUNE INTERNATIONAL LTD |
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|
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By: |
/s/ Xin Guan |
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Name: |
Xin Guan |
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Title: |
Chief Executive Officer and
Chief Operating Officer |
Date: July 24, 2023
[Signature Page to Form 6-K]
3
Exhibit 99.1
Ucommune Receives Nasdaq Notification Regarding
Minimum Bid Price Deficiency
BEIJING, July 24, 2023 /PRNewswire/ -- Ucommune International
Ltd (NASDAQ: UK) (“Ucommune” or the “Company”), a leading agile office space manager and provider in China, today
announced that it received written notification (the “Notification Letter”) from the Nasdaq Stock Market LLC (“Nasdaq”)
on July 21, 2023, that the Company is not in compliance with the minimum bid price requirement set forth in Nasdaq Rules for continued
listing on Nasdaq.
Nasdaq Listing Rule 5550(a)(2) requires listed securities
to maintain a minimum bid price of US$1.00 per share, and Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price
requirement exists if the deficiency continues for 30 consecutive business days. Based on the closing bid price of the Company’s
ordinary shares for the 30 consecutive business days from June 6, 2023 to July 20, 2023, the Company no longer meets the minimum bid price
requirement.
The Notification Letter does not impact the Company’s
listing on the Nasdaq Capital Market at this time. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company must regain compliance
with Nasdaq Listing Rule 5550(a)(2) within 180 calendar days, or until January 17, 2024. To regain compliance, the Company’s ordinary
shares must have a closing bid price of at least US$1.00 for a minimum of 10 consecutive business days. In the event the Company does
not regain compliance by January 17, 2024, the Company may be eligible for additional time to regain compliance or may face delisting.
The Company’s operations are not affected by
the receipt of the Notification Letter. The Company intends to monitor the closing bid price of its ordinary shares and may, if appropriate,
consider implementing available options, including, but not limited to, implementing a reverse share split of its outstanding ordinary
shares, to regain compliance with the minimum bid price requirement under the Nasdaq Listing Rules.
About Ucommune International
Ltd
Ucommune is China’s leading agile office space
manager and provider. Founded in 2015, Ucommune has created a large-scale intelligent agile office ecosystem covering economically vibrant
regions throughout China to empower its members with flexible and cost-efficient office space solutions. Ucommune’s various offline
agile office space services include self-operated models, such as U Space and U Design, as well as asset-light models, such as U Brand
and U Partner. By utilizing its expertise in the real estate and retail industries, Ucommune operates its agile office spaces with high
efficiency and engages in the urban transformation of older and under-utilized buildings to redefine commercial real estate in China.
Safe Harbor Statements
This press release contains forward-looking statements
within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are made under
the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified
by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,”
“plans,” “believes,” “estimates,” “potential,” “continue,” “ongoing,”
“targets,” “guidance” and similar statements. The Company may also make written or oral forward-looking statements
in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders,
in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any
statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking
statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ
materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s growth
strategies; its future business development, results of operations and financial condition; its ability to understand members’ needs
and provide products and services to attract and retain members; its ability to maintain and enhance the recognition and reputation of
its brand; its ability to maintain and improve quality control policies and measures; its ability to establish and maintain relationships
with members and business partners; trends and competition in China’s agile office space market; changes in its revenues and certain
cost or expense items; the expected growth of China’s agile office space market; PRC governmental policies and regulations relating
to the Company’s business and industry, and general economic and business conditions in China and globally and assumptions underlying
or related to any of the foregoing. Further information regarding these and other risks, uncertainties or factors is included in the Company’s
filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and
the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.
For investor and media
inquiries, please contact:
Ucommune International Ltd
ir@ucommune.com
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