Current Report Filing (8-k)
24 April 2018 - 10:19PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or Section
15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
April
24, 2018 (April 18, 2018)
AMERICAN LORAIN CORPORATION
(Exact name of registrant as specified in its charter)
Nevada
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001-34449
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87-0430320
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(State or other jurisdiction
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(Commission File Number)
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(I.R.S. Employer Identification
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of incorporation or organization)
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Number)
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Beihuan Road Junan County
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Shandong, China
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276600
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(Address of principal executive offices)
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(Zip Code)
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Registrants telephone number, including area code:
(86)
539-7317959
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 to 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))
Item 3.01 Notice of Delisting or Failure to Satisfy a
Continued Listing Rule or Standard; Transfer of Listing.
On April 18, 2018, American
Lorain Corporation (the Company) received a notice from NYSE American LLC (the
Exchange) that the Company was not in compliance with Sections 1003(a)(i) and
1003(a)(ii) of the NYSE American Company Guide (the Company Guide) since the
Company reported a stockholders equity deficit of ($3.05) million as of
December 31, 2017 and net losses in three of its four most recent fiscal years
ended December 31, 2017.
In order to maintain its listing
on the Exchange, the Company must, by May 21, 2018, submit a plan of compliance
(the Plan) advising the Exchange of actions it has taken or will take to
regain compliance with Sections 1003(a)(i) and 1003(a)(ii) of the Company Guide
by October 21, 2019 (the Plan Period). If the Plan is accepted by the
Exchange, then the Company will be able to continue its listing during the Plan
Period, during which time it will be subject to periodic monitoring for
compliance with the Plan. If the Plan is not accepted by the Exchange, then the
Company will be subject to delisting proceedings.
In addition, the Exchange has
informed the Company that the Companys securities have been selling for a low
price per share for a substantial period of time. Consequently, pursuant to
Section 1003(f)(v) of the Company Guide, the Companys continued listing is
predicated on the Companys effecting a reverse stock split of the Companys
common stock or otherwise demonstrating sustained price improvement by no later
than October 19, 2018.
The Companys management is
beginning its analysis regarding submission of a Plan to the Exchange by the May
21, 2018 deadline. However, there can be no assurance that the Company will be
able to achieve compliance with the Exchanges continued listing standards
within the required time period.
On April 24, 2018, the Company
issued a press a release stating that it had received the letter from the
Exchange.
Item 9.01
Financial Statements and Exhibits.
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.
Dated: April 24, 2018
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AMERICAN LORAIN CORPORATION
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By:
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/s/ Si
Chen
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Name: Si Chen
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Title: Chairman and Chief Executive
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Officer
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