Form 8-K - Current report
30 September 2024 - 2:00PM
Edgar (US Regulatory)
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0001117057
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2024-09-30
2024-09-30
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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):
September 30, 2024
PLANET GREEN HOLDINGS CORP. |
(Exact name of registrant as specified in its charter) |
Nevada |
|
001-34449 |
|
87-0430320 |
(State or other jurisdiction
of incorporation) |
|
(Commission File Number) |
|
(IRS Employer
Identification No.) |
130-30 31st Ave, Suite 512
Flushing, NY |
|
11354 |
(Address of principal executive offices) |
|
(Zip Code) |
Registrant’s telephone number, including
area code: (718) 799-0380
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 |
Common Stock, par value $0.001 per share |
|
PLAG |
|
NYSE American |
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. ☐
Item 4.02. Non-Reliance
on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review.
On
September 30, 2024, Planet Green Holdings Corp. (the “Company”) determined that the Company’s unaudited financial statements
in its Quarterly Report on Form 10-Q for the quarter ended June 30, 2024 should be restated due to an error related to the disposal of
the Company’s wholly-owned subsidiary Allinyson Ltd., on April 1, 2024. The Company’s management, in consultation with its
advisors, concluded that the Quarterly Report on Form 10-Q for the quarter ended June 30, 2024 should no longer be relied upon due to
the error identified. The error in the unaudited financial statements will be corrected by filing an amended Quarterly Report on Form
10-Q (the “Form 10-Q/A”) contemporaneous with the filing of this Current Report on Form 8-K.
The Company
incorrectly recognized income from discontinued operations in additional paid in capital in connection with disposal of Allinyson Ltd.
The corrections resulted in a $7,407,267 decrease in income from discontinued operation, a $7,422,000 increase in additional paid-in capital,
a $7,407,267 decrease in accumulated deficit and a $14,733 decrease in accumulated other comprehensive income.
Management has determined that, as a result of the errors described above,
management’s previous conclusions regarding the effectiveness of the Company’s disclosure controls and procedures as of June
30, 2024 need to be modified. The Company will provide management’s modified conclusions in the restated interim financial statements.
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: September 30, 2024 |
PLANET GREEN HOLDINGS CORP. |
|
|
|
By: |
/s/ Bin Zhou |
|
Name: |
Bin Zhou |
|
Title: |
Chief Executive Officer and Chairman |
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