Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
2024年10月12日 - 5:30AM
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 October 2024
Commission File Number: 001-38851
X3 HOLDINGS CO., LTD.
(Translation of Registrant’s name into English)
Suite 412, Tower A, Tai Seng Exchange
One Tai Seng Avenue
Singapore 536464
(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 ☐
EXHIBIT INDEX
SIGNATURE
Pursuant to the requirements of the Securities
and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: October 11, 2024
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X3 HOLDINGS CO., LTD. |
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By: |
/s/ Stewart Lor |
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Stewart Lor |
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Chief Executive Officer |
2
Exhibit 99.1
X3 Holdings Receives Extension to Regain Compliance
with the Nasdaq’s Minimum Bid Price Requirement
Singapore, October 11, 2024 /PRNewswire/ —
X3 Holdings Co., Ltd. (Nasdaq: XTKG) (the “Company” or “XTKG”), a global provider of digital solutions and technology
services spanning diverse industries, today announced that it has received an extension of 180 calendar days from the Listing Qualifications
Department of The Nasdaq Stock Market LLC (“Nasdaq”) to regain compliance with the Nasdaq’s minimum $1.00 bid
price requirement set forth in Nasdaq Listing Rule 5550(a)(2) for continued listing on the Nasdaq Capital Market (the “Bid Price
Requirement”). As a result of the extension, the Company has until April 7, 2025, to regain compliance with the Bid Price Requirement.
To regain compliance, the closing bid price of the Company’s ordinary shares must be at least US$1.00 for a minimum of 10 consecutive
business days prior to April 7, 2025. Nasdaq would then provide a written confirmation of compliance and the matter will be closed.
To address this issue, the Company intends
to continuously monitor its closing bid price and to effectuate a reverse stock split, subject to the shareholders’ approval
at the annual general meeting, which will be convened on November 4, 2024. Upon the approval and completion of the reverse stock
spilt, the Company expects that it will countervail the short-term adverse effects on its trading price and cure the deficiency in
due time as well as regain compliance with the Bid Price Requirement.
The receipt of the extension period has no immediate
effect on the listing or trading of the Company’s business operations or the listing of the Company’s ordinary shares, which
will continue to trade uninterrupted on the Nasdaq under the ticker “XTKG”.
About X3 Holdings
X3 Holdings Co., Ltd. (Nasdaq: XTKG) is a global
provider of digital solutions and technology services spanning diverse industries. The Company is operating across diversified business
segments in digital technologies, cryptomining operations, renewable energy and agriculture technologies. X3 Holdings is headquartered
in Singapore with subsidiaries and operations globally. For additional information, please visit www.x3holdings.com.
Safe Harbor Statement
This press release contains forward-looking statements.
Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying
assumptions and other statements that are other than statements of historical facts. These statements include, among others, statements
regarding the Company’s plans to regain compliance with the minimum bid price requirement. The Company’s actual results may
differ materially from those expressed in any forward-looking statements as a result of various factors and uncertainties. The reports
filed by the Company with the Securities and Exchange Commission discuss these and other important factors and risks that may affect the
Company’s business, results of operations and financial conditions. For these reasons, among others, investors are cautioned not
to place undue reliance upon any forward-looking statements in this press release. The Company undertakes no obligation to publicly revise
these forward-looking statements to reflect events or circumstances that arise after the date hereof.
For more information, please contact:
Corporate Investor Relations
Email: ir@x3holdings.com
Website: www.x3holdings.com
X3 (NASDAQ:XTKG)
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