Form 8-K - Current report
July 22 2024 - 10:51AM
Edgar (US Regulatory)
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0001608092
0001608092
2024-07-16
2024-07-16
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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
16, 2024
KISSES
FROM ITALY INC.
(Exact name of registrant as specified in charter)
Florida |
|
000-55967 |
|
46-2388377 |
(State or other jurisdiction
of incorporation) |
|
(Commission
File Number) |
|
(IRS Employer
Identification No.) |
80
SW 8th Street, Suite 2000
Miami,
FL |
|
33130 |
(Address of principal executive offices) |
|
(Zip Code) |
Registrant’s telephone number, including area code: (305)
423-7129
N/A |
(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 |
None |
N/A |
N/A |
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.
On July 16, 2024, Kisses
From Italy Inc. (the “Company”) received the notice from OTC Markets, Inc. (“OTC”) that its common stock will
be removed from trading on OTCQB marketplace immediately for the bid price deficiency pursuant to the Standards for Continued Eligibility
for OTCQB (the “OTCQB Standards”). The OTCQB Standards require issuers on OTCQB marketplace to maintain a minimum closing
bid price of $0.01 per share on at least one of the prior 30 consecutive calendar days (the “Minimum Closing Bid Price”).
The Company
received its first notification from OTC on February 9, 2024 stating that the Company’s bid price has closed below $0.01
for more than 30 consecutive calendar days. In accordance with OTCQB Standards, OTC granted the Company a cure period to regain compliance
with the Minimum Closing Bid Price by May 9, 2024, and on May 6, 2024 extended that cure period to July 12, 2024. During this cure period,
the Company needed to have the minimum closing bid price of its comment stock of $0.01 or greater for ten consecutive trading days to
regain compliance with the Minimum Closing Bid Price, which did not occur.
The Company’s common
stock is currently quoted and trading on OTC’s Pink Current marketplace. Under the OTCQB Standards, if the Company regains compliance
with the Minimum Closing Bid Price within 30 calendar days of the date of removal without any additional corporate actions, OTC may readmit
the Company to OTCQB with no further action required. If the Company regains compliance with Minimum Closing Bid Price more than 30 calendar
days but less than 6 months after the removal date, the Company shall submit a new OTCQB Certification for review and approval by OTC.
SIGNATURES
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.
Date: July 22, 2024 |
KISSES FROM ITALY INC.
|
|
By: |
/s/ Claudio Ferri |
|
Name:
Title: |
Claudio Ferri
Co-Chief Executive Officer |
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Kisses from Italy (PK) (USOTC:KITL)
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