Big Tree Cloud Holdings Fails Nasdaq Listing Requirements

TL;DR

Big Tree Cloud's shares failed Nasdaq listing rules, potential delisting risk.

AI Summary

Big Tree Cloud Holdings Ltd. received a written notification from Nasdaq on August 5, 2024, stating that its ordinary shares failed to meet certain listing requirements. The company is currently working to regain compliance with Nasdaq's listing rules.

Why It Matters

Failure to meet listing requirements could lead to delisting from the Nasdaq, impacting the company's ability to raise capital and its stock's liquidity.

Risk Assessment

Risk Level: high — The company has received a notification of non-compliance with Nasdaq listing standards, which could lead to delisting.

Key Players & Entities

• Big Tree Cloud Holdings Ltd (company) — Filer of the 6-K report
• Nasdaq (company) — Stock exchange that issued the non-compliance notification
• August 5, 2024 (date) — Date the notification was received

FAQ

Key Financial Figures

• $15,000,000 — ly held shares (“MVPHS”) of $15,000,000 over the previous 30 consecutive tradin

Filing Documents

• ea0215614-6k_bigtree.htm (6-K) — 12KB
• ea021561401ex99-1_bigtree.htm (EX-99.1) — 6KB
• 0001213900-24-081596.txt ( ) — 19KB

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 Number: 001-42114 Big Tree Cloud Holdings Limited Room 3303, Building 1 Zhongliang Yunjing Plaza Heshuikou Community, Matian Street Guangming District, Shenzhen 518083, China +86 0755 2759-5623 (Address of principal executive offices) 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 INFORMATION CONTAINED IN THIS FORM 6-K REPORT As previously reported, on August 5, 2024, Big Tree Cloud Holdings Limited (the “Company”) received a written notification from the Nasdaq Listing Qualifications Department of the Nasdaq Stock Market (the “Nasdaq”) that its ordinary shares had failed to maintain a minimum market value of publicly held shares (“MVPHS”) of $15,000,000 over the previous 30 consecutive trading days as required by the Nasdaq Global Market set forth in Listing Rule 5450(b)(2)(C) (the “Rule”). The Company was provided 180 calendar days, until February 1, 2025, to regain compliance. On September 23, 2024, the Company received written notice from the Listing Qualifications Staff of Nasdaq notifying the Company that, for more than the last ten (10) consecutive business days, from August 19, 2024 through September 20, 2024, the MVPHS of the Company’s ordinary share has been $15,000,000 or greater. Accordingly, the written notice stated that the Company has regained compliance with the MVPHS listing requirement set forth under the Rule. On September 25, 2024, the Company issued a press release announcing that it regained compliance with Nasdaq listing requirements. A copy of that press release is attached as Exhibit 99.1 hereto. EXHIBIT INDEX Exhibit No. Description 99.1 Press release of the Company, dated September 25, 2024, regarding Regaining Compliance with Nasdaq Listing Requirements 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. Date: September 25, 2024 Big Tree Cloud Holdings Limited By: /s/ Wenquan Zhu Name: Wenquan Zhu Title: Chief Executive Officer 2

View Full Filing

View this 6-K filing on SEC EDGAR