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Green Giant | 8-K: Current report

SEC announcement ·  Jan 18 13:00
Summary by Futu AI
On January 16, 2024, Green Giant Inc., a company incorporated in Florida and listed on the NASDAQ Capital Market, received a notice from Nasdaq Listing Qualifications Staff indicating the company's non-compliance with the minimum bid price requirement for continued listing. Specifically, Green Giant's common stock had a closing bid price below the $1.00 threshold, reaching as low as $0.10 for ten consecutive trading days from December 22, 2023, to January 12, 2024. The company is now facing potential delisting unless it successfully appeals before the Nasdaq Hearing Panel by January 23, 2024. Green Giant intends to request a hearing to maintain its listing, which will delay any suspension or delisting actions until the hearing process is completed. However, there is no guarantee that the Panel will grant...Show More
On January 16, 2024, Green Giant Inc., a company incorporated in Florida and listed on the NASDAQ Capital Market, received a notice from Nasdaq Listing Qualifications Staff indicating the company's non-compliance with the minimum bid price requirement for continued listing. Specifically, Green Giant's common stock had a closing bid price below the $1.00 threshold, reaching as low as $0.10 for ten consecutive trading days from December 22, 2023, to January 12, 2024. The company is now facing potential delisting unless it successfully appeals before the Nasdaq Hearing Panel by January 23, 2024. Green Giant intends to request a hearing to maintain its listing, which will delay any suspension or delisting actions until the hearing process is completed. However, there is no guarantee that the Panel will grant the company additional time to comply with the listing requirements or that Green Giant will be able to meet these requirements in the future. The company's liquidity and marketability could be significantly impacted if delisting occurs. The disclosure of this notice is in accordance with Nasdaq Listing Rule 5810(b). The report was signed by Yuhuai Luo, CEO and Chairman of Green Giant Inc., on January 18, 2024.

This announcement is a separate document:

Doc 1

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