Current Report Filing (8-k)
November 30 2018 - 4:32PM
Edgar (US Regulatory)
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) November 26, 2018
SHARING
ECONOMY INTERNATIONAL INC.
(Exact
name of registrant as specified in charter)
Nevada
|
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001-34591
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90-0648920
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(State
or other jurisdiction
of incorporation)
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(Commission
File Number)
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(IRS
Employer
Identification No.)
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No.
9 Yanyu Middle Road
Qianzhou
Village, Huishan District, Wuxi City
Jiangsu
Province, People’s Republic of China
(Address
Of Principal Executive Offices) (Zip Code)
(86)
51083397559
(Registrant’s
Telephone Number, Including Area Code)
(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 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))
Indicate
by check mark whether the registrant is an emerging growth company as defined in 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. ☐
Item
3.01
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Notice
of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
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On
November 26, 2018, Sharing Economy International Inc. (the “Company”) received a staff determination notice from The
Nasdaq Stock Market (“Nasdaq”) informing the Company that as a result of its failure to comply with Nasdaq’s
shareholder approval requirements set forth in Listing Rule 5635(c) (the “Rule”), the staff had determined to deny
the Company’s request for continued listed based on a plan of compliance submitted on October 26, 2018. In the determination
notice, the staff expressed its concern that the plan of compliance did not represent a definitive plan evidencing the Company’s
ability to comply with the Rule due to (i) a portion of the shares issued in violation of the Rule having been sold in the market
(and accordingly no longer subject to remediation) and (ii) the lack of signed commitments from other holders of shares issued
in violation of the Rule to participate in a proposed exchange offer intended to remediate such issuances by virtue of a subsequent
special meeting of stockholders to be held to approve them. Nasdaq further informed the Company that, in accordance with Listing
Rule 5101, unless the Company requests an appeal of the staff’s determination, the Company’s common stock will be
suspended from trading on the Nasdaq Capital Market at the opening of business on December 5, 2018.
The
Company does not intend to appeal this determination, accordingly the Company’s common stock will be delisted from Nasdaq
effective at the open of trading on December 5, 2018. The Company expects that its common stock will continue trading on the OTC
Markets under the symbol “SEII” beginning on December 5, 2018.
Item
9.01.
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Financial
Statements and Exhibits.
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(d)
Exhibits
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 hereunto duly authorized.
Dated:
November 30, 2018
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Sharing
Economy International Inc.
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By:
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/s/
Jianhua Wu
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Name:
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Jianhua
Wu
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Title:
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Chief
Executive Officer
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2
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