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): January 14, 2022

 

Blue Dolphin Energy Company

(Exact name of registrant as specified in its charter)

 

Delaware

 

0-15905

 

73-1268729

(State or Other Jurisdiction

of Incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

801 Travis Street, Suite 2100

Houston, TX 77002

(Address of principal executive office and zip code)

 

(713) 568-4725

(Registrant’s telephone number, including area code)

 

(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 (see General Instruction A.2 below):

 

☐     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

 

 

 

 

 

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).

 

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 December 14, 2021, Blue Dolphin Energy Company (the “Company”) notified the OTC Markets Group (the “OTC”) that the Company would be unable to hold an annual meeting of stockholders’ within calendar year 2021 as required under Section 3.2 of the OTCQX Rules for Companies.  At the time of its notice to the OTC, the Company indicated plans to hold its next annual meeting of stockholders in May or June of 2022. 

 

In a letter dated January 14, 2022, the OTC confirmed that the Company failed to satisfy the standards for continued qualification for the OTCQX U.S. tier.  To regain compliance, the OTC granted the Company a cure period to hold an annual meeting of stockholders within calendar year 2022.  If the Company is unable to regain compliance within this time period, the Company will be moved from the OTCQX U.S. tier to the Pink market. 

 

 

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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.

 

Date: January 21, 2022

 

Blue Dolphin Energy Company

 

 

 

/s/ JONATHAN P. CARROLL

 

Jonathan P. Carroll

Chief Executive Officer, President,

Assistant Treasurer and Secretary

(Principal Executive Officer, Principal Financial Officer

and Principal Accounting Officer)

 

 

 

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