Addentax Group Corp. Faces Delisting Concerns
Ticker: ATXG · Form: 8-K · Filed: Oct 23, 2024 · CIK: 1650101
| Field | Detail |
|---|---|
| Company | Addentax Group Corp. (ATXG) |
| Form Type | 8-K |
| Filed Date | Oct 23, 2024 |
| Risk Level | high |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001, $1.00, $1 |
| Sentiment | bearish |
Sentiment: bearish
Topics: delisting, compliance, exchange-rules
Related Tickers: ADDX
TL;DR
ADDX might get delisted, check the rules.
AI Summary
Addentax Group Corp. filed an 8-K on October 23, 2024, reporting a notice of delisting or failure to satisfy a continued listing rule. The filing indicates a potential issue with the company's continued listing on the stock exchange, with the earliest event reported on October 22, 2024.
Why It Matters
This filing signals potential financial distress or non-compliance with exchange rules, which could lead to the stock being removed from trading.
Risk Assessment
Risk Level: high — A notice of delisting directly impacts the company's ability to remain publicly traded, posing a significant risk to investors.
Key Players & Entities
- Addentax Group Corp. (company) — Registrant
- October 22, 2024 (date) — Earliest event reported
- October 23, 2024 (date) — Filing date
- Nevada (jurisdiction) — State of incorporation
- 001-41478 (string) — SEC File Number
FAQ
What specific rule or standard has Addentax Group Corp. failed to satisfy?
The filing states it is a 'Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard' but does not specify the exact rule in the provided text.
When was the earliest event related to this delisting notice reported?
The earliest event reported was on October 22, 2024.
What is the company's state of incorporation?
Addentax Group Corp. is incorporated in Nevada.
What is the SEC file number for Addentax Group Corp.?
The SEC file number is 001-41478.
What is the company's principal executive office address?
The principal executive offices are located at Kingkey 100, Block A, Room 4805, Luohu District, Shenzhen City, China 518000.
Filing Stats: 800 words · 3 min read · ~3 pages · Grade level 13.4 · Accepted 2024-10-23 16:15:38
Key Financial Figures
- $0.001 — er share of its common stock, par value $0.001 per share (the "Common Stock"), was bel
- $1.00 — r share (the "Common Stock"), was below $1.00 for a period of 30 consecutive business
- $1 — ce of the Common Stock must be at least $1 per share for a minimum of 10 consecuti
Filing Documents
- form8-k.htm (8-K) — 37KB
- 0001493152-24-042238.txt ( ) — 212KB
- atxg-20241022.xsd (EX-101.SCH) — 3KB
- atxg-20241022_lab.xml (EX-101.LAB) — 33KB
- atxg-20241022_pre.xml (EX-101.PRE) — 24KB
- form8-k_htm.xml (XML) — 4KB
SIGNATURES
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. Addentax Group Corp. Date: October 23, 2024 By: /s/ Hong Zhida Hong Zhida Chief Executive Officer