CLPS Inc. Meets Nasdaq Bid Price Requirement

TL;DR

CLPS Inc. is back above $1 on Nasdaq, avoiding delisting for now.

AI Summary

On September 9, 2024, CLPS Inc. announced it received a notice from Nasdaq dated September 6, 2024. The notice indicates that CLPS Inc.'s common shares have maintained a closing bid price of $1.00 or greater for the last 10 consecutive business days.

Why It Matters

This filing suggests CLPS Inc. is in compliance with Nasdaq's minimum bid price rule, potentially avoiding delisting and maintaining investor confidence.

Risk Assessment

Risk Level: low — The filing indicates the company has met a specific listing requirement, which is generally a positive development.

Key Numbers

• $1.00 — Minimum Bid Price (The closing bid price for CLPS Inc.'s common shares has been at or above this amount for 10 consecutive business days, satisfying Nasdaq's requirement.)
• 10 — Consecutive Business Days (The duration for which CLPS Inc.'s closing bid price has met the $1.00 minimum, as per Nasdaq's notice.)

Key Players & Entities

• CLPS Inc. (company) — The company that received the Nasdaq notice.
• The Nasdaq Stock Market LLC (company) — The stock exchange that issued the notice.
• September 9, 2024 (date) — Date the press release was issued.
• September 6, 2024 (date) — Date of the Nasdaq notice.
• $1.00 (dollar_amount) — The minimum closing bid price requirement.

FAQ

Key Financial Figures

• $1.00 — price for its common shares has been at $1.00 per share or greater for the last 10 co

Filing Documents

• ea0213899-6k_clpsinc.htm (6-K) — 10KB
• ea021389901ex99-1_clpsinc.htm (EX-99.1) — 6KB
• 0001213900-24-076727.txt ( ) — 18KB

From the Filing

OF FOREIGN PRIVATE ISSUER 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 September 2024 Commission File No. 001-38505 CLPS Incorporation c/o Unit 1000, 10th Floor, Millennium City III 370 Kwun Tong Road, Kwun Tong, Kowloon Hong Kong SAR Tel: (852) 37073600 (ADDRESS OF PRINCIPAL EXECUTIVE OFFICE) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F Form 40-F Information Contained in this Form 6-K Report On September 9, 2024, CLPS Inc. (the “Company”) issued a press release announcing that it received a written notice from The Nasdaq Stock Market LLC (“Nasdaq”) dated September 6, 2024, indicating that the Company’s closing bid price for its common shares has been at $1.00 per share or greater for the last 10 consecutive business days, which is in compliance with Nasdaq Listing Rule 5450(a)(1). A copy of this press release is filed as Exhibit 99.1 to this report. Exhibits 99.1 Press Release 1 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, thereunto duly authorized. CLPS Incorporation By: /s/ Raymond Ming Hui Lin Name: Raymond Ming Hui Lin Title: Chief Executive Officer Dated: September 9, 2024 2

View Full Filing

View this 6-K filing on SEC EDGAR