Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
11 August 2023 - 2:00PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
6-K
REPORT
OF FOREIGN PRIVATE ISSUER
PURSUANT
TO RULE 13a-16 OR 15d-16
UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For
the Month of August 2023
Commission
file number: 001-39803
Meiwu
Technology Company Limited
1602,
Building C, Shenye Century Industry
No.
743 Zhoushi Road, Bao’an District
Shenzhen,
People’s Republic of China
Telephone:
+86-755-85250400
(Address
of principal executive office)
Indicate
by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form
20-F ☒ Form 40-F ☐
Receipt
of Nasdaq Minimum Bid Price Extension Period Notification
As
previously disclosed, on February 7, 2023, Meiwu Technology Company Limited (the “Company”) received a deficiency letter
from the Listing Qualifications Department (the “Staff”) of the Nasdaq Stock Market LLC (“Nasdaq”) indicating
that the Company was not in compliance with Nasdaq Rule 5450(a)(1) (the “Bid Price Rule”), as the closing bid price for the
Company’s Class A ordinary shares had been below $1.00 per share for the last 30 consecutive business days.
In
accordance with the Nasdaq Listing Rules, the Company was provided an initial period of 180 calendar days, or until August 7, 2023, to
regain compliance with the Bid Price Rule. The Company has not regained compliance with the Bid Price Rule.
On
August 9, 2023, Nasdaq notified the Company that it was eligible for an additional 180 calendar day period, or until February 5, 2024
(the “Extended Compliance Date”), to regain compliance with the Bid Price Rule.
If,
at any time before the lapse of the Extended Compliance Date, the bid price for the Company’s Class A ordinary shares closes at
$1.00 or more for a minimum of 10 consecutive business days as required under the Nasdaq Listing Rules, the Staff will provide written
notification to the Company that it complies with the Bid Price Rule, unless the Staff exercises its discretion to extend this 10 day
period pursuant to Nasdaq Listing Rule 5810(c)(3)(H). If the Company chooses to implement a reverse share split to regain compliance,
it must be completed no later than 10 business days prior to the expiration of the Extended Compliance Date in order to timely regain
compliance.
If
the Company does not regain compliance with the Bid Price Rule by February 5, 2024, Nasdaq will provide written notification to the Company
that its Class A ordinary shares will be subject to delisting. At such time, the Company may appeal the delisting determination to a
Nasdaq Hearings Panel. The Company would remain listed pending the Panel’s decision. There can be no assurance that, if the Company
does appeal a subsequent delisting determination, such appeal would be successful.
The
current notification from Nasdaq has no immediate effect on the Company’s business operations or the listing or trading of the
Company’s shares, which will continue to trade on the Nasdaq Capital Market under the symbol “WNW.” The Company intends
to monitor the closing bid price of its Class A ordinary shares and may, if appropriate, consider implementing available options, including,
but not limited to, implementing a reverse share split of its outstanding ordinary shares, to regain compliance with Bid Price Rule.
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.
|
Meiwu
Technology Company Limited |
|
|
|
Date:
August 10, 2023 |
By: |
/s/
Xinliang Zhang |
|
Name: |
Xinliang
Zhang |
|
Title: |
Chief
Executive Officer |
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