Agape ATP Corp Faces Delisting Concerns

TL;DR

Agape ATP Corp might get delisted, check their listing status ASAP!

AI Summary

Agape ATP Corporation filed an 8-K on April 16, 2024, reporting a notice of delisting or failure to satisfy a continued listing rule or standard. The earliest event reported was on April 10, 2024. The company is incorporated in Nevada and its principal executive offices are located in Kuala Lumpur, Malaysia.

Why It Matters

This filing indicates potential issues with Agape ATP Corp's continued listing on an exchange, which could significantly impact its stock trading and investor confidence.

Risk Assessment

Risk Level: high — A notice of delisting or failure to meet listing standards poses a significant risk to the company's stock trading and overall viability.

Key Players & Entities

• Agape ATP Corporation (company) — Registrant
• Nevada (jurisdiction) — State of incorporation
• Kuala Lumpur, Malaysia (location) — Principal executive offices
• April 10, 2024 (date) — Date of earliest event reported
• April 16, 2024 (date) — Date of report

FAQ

Key Financial Figures

• $0.0001 — ch registered Common Stock, par value $0.0001 per share ATPC NASDAQ Capital Mark
• $35 m — 50(b)(2), to maintain a minimum MVLS of $35 million, which requires companies listed
• $35 million — Listed Securities ("MVLS") of at least $35 million. In its annual report on Form 10-K fo
• $4,380,863 — ompany reported shareholders' equity of $4,380,863. On April 10, 2024, Nasdaq confirmed

Filing Documents

• form8-k.htm (8-K) — 33KB
• 0001493152-24-014812.txt ( ) — 204KB
• atpc-20240410.xsd (EX-101.SCH) — 3KB
• atpc-20240410_lab.xml (EX-101.LAB) — 33KB
• atpc-20240410_pre.xml (EX-101.PRE) — 22KB
• form8-k_htm.xml (XML) — 4KB

From the Filing

UNITED 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): April 10, 2024 AGAPE ATP CORPORATION (Exact name of registrant as specified in its charter) Nevada 001-41835 36-4838886 (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 1705 1708, Level 17, Tower 2, Faber Towers , Jalan Desa Bahagia , Taman Desa , Kuala Lumpur , Malaysia 58100 (Address of principal executive offices) (Zip Code) +(60) 192230099 (Registrant's telephone number, including area code) 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 (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 $0.0001 per share ATPC NASDAQ Capital Market 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 a Continued Listing Rule or Standard; Transfer of Listing. As previously disclosed, on March 28, 2024, Agape ATP Corporation (the "Company") received a letter from Nasdaq indicating that it was not in compliance with Nasdaq Listing Rules 5550(b)(2), to maintain a minimum MVLS of $35 million, which requires companies listed on Nasdaq to maintain a minimum Market Value of Listed Securities ("MVLS") of at least $35 million. In its annual report on Form 10-K for the period ended December 31, 2023 filed on April 1, 2024, the Company reported shareholders' equity of $4,380,863. On April 10, 2024, Nasdaq confirmed that the Company had regained compliance with Rule 5550(b)(1) and that this matter is now closed. 2 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. AGAPE ATP CORPORATION Date: April 16, 2024 By: /s/ How Kok Choong Name: How Kok Choong Title: Director, Chairman of the Board of Directors, Chief Executive Officer, Chief Operating Officer and Secretary 3

View Full Filing

View this 8-K filing on SEC EDGAR