Form 8-K - Current report
2024年10月17日 - 5:10AM
Edgar (US Regulatory)
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0001961847
0001961847
2024-10-10
2024-10-10
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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): October 10, 2024
INNO
HOLDINGS INC. |
(Exact
name of registrant as specified in its charter) |
Texas |
|
001-41882
|
|
87-4294543 |
(State
or other jurisdiction
of
incorporation) |
|
(Commission
File
Number) |
|
(I.R.S.
Employer
Identification
No.) |
2465
Farm Market 359 South
Brookshire,
TX |
|
77423 |
(Address
of principal executive offices) |
|
(Zip
Code) |
Registrant’s
telephone number, including area code: (800) 909-8800
N/A
(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:
☐ |
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, no par value |
|
INHD |
|
The
Nasdaq Stock Market LLC |
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
3.01 Notice of Delisting or Failure to Satisfy Continued Listing Rule or Standard; Transfer of Listing.
As
previously disclosed, on April 12, 2024, Inno Holdings Inc. (the “Company”) received a letter (the “First Notice”)
from The Nasdaq Stock Market, LLC (the “Nasdaq”) notifying the Company that, because the closing bid price for its common
stock has been below $1.00 per share for 30 consecutive business days, it no longer complied with the minimum bid price requirement for
continued listing on the Nasdaq Capital Market. Nasdaq Listing Rule 5550(a)(2) requires listed securities to maintain a minimum bid price
of $1.00 per share (the “Minimum Bid Price Requirement”), and Listing Rule 5810(c)(3)(A) provides that a failure to meet
the Minimum Bid Price Requirement exists if the deficiency continues for a period of 30 consecutive business days.
On
October 10 2024, the Company received a new letter (the “Delisting Notice”) from The Nasdaq Stock Market notifying the Company
that, as a result of the Company’s failure to regain compliance with the Minimum Bid Price Requirement by the Compliance Deadline,
Nasdaq has determined to delist the Company’s common stock from the Nasdaq Capital Market. Unless the Company submits an appeal
and a hearing request appealing the delisting determination to Nasdaq by no later than 4:00pm Eastern Time on October 17, 2024 (the “Appeal
Deadline”), the Company’s common stock will be suspended at the opening of business on October 21, 2024 and will be delisted
from the Nasdaq Capital Market.
The
Company currently intends to appeal Nasdaq’s determination to a hearings panel (the “Hearings Panel”), pursuant to
the procedures set forth in the Nasdaq Listing Rule 5800 Series by no later than the Appeal Deadline. Hearings are typically scheduled
to occur approximately 45 days after the date of the hearing request.
As
previously disclosed, on October 8, 2024, the Company filed a Certificate of Amendment to its Certificate of Formation (the “Certificate
of Amendment”) with the Secretary of State of Texas to (i) effect on the corporate level a one-for-ten reverse stock split (the
“Reverse Stock Split”) of the Company’s shares of Common Stock, no par value (the “Common Stock”). The
Common Stock began trading on a Reverse Stock Split-adjusted basis on the Nasdaq Capital Market on October 10, 2024. The Company expects
to regain compliance on October 24, 2024, by exceeding the Minimum Bid Price Requirement for ten (10) business days. Once compliance
is regained, the Nasdaq will provide a written confirmation Compliance Determination to the Company, the Delisting Notice will be withdrawn
and the so long as no other issues are raised by the Nasdaq until the appeal date, the appeal will not be necessary and the Company will
continue to be listed on the Nasdaq. Once compliance is regained, the Nasdaq will provide a written Compliance Determination to the Company,
so long as no other issues are raised by the Nasdaq until the date of the appeal hearing, the appeal will not be necessary and the Company
will continue to be listed on the Nasdaq Capital Market.
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.
|
INNO
HOLDINGS INC. |
|
|
|
|
By:
|
/s/
Tianwei Li |
|
Name:
|
Tianwei
Li |
|
Title:
|
CFO & Director |
Date:
October 16, 2024
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Inno (NASDAQ:INHD)
過去 株価チャート
から 11 2024 まで 12 2024
Inno (NASDAQ:INHD)
過去 株価チャート
から 12 2023 まで 12 2024