DATASEA INC. Files 8-K: Other Events & Financials

TL;DR

DATASEA INC. filed an 8-K on Nov 14th covering other events and financials. Formerly Rose Rock Inc.

AI Summary

On November 14, 2024, DATASEA INC. filed an 8-K report detailing other events and financial statements. The company, formerly known as ROSE ROCK INC. until January 21, 2015, is incorporated in Nevada and headquartered in Beijing, China.

Why It Matters

This filing provides an update on DATASEA INC.'s corporate activities and financial reporting, which is crucial for investors to assess the company's current status and performance.

Risk Assessment

Risk Level: low — This is a routine 8-K filing for 'Other Events' and financial statements, not indicating any immediate significant operational or financial distress.

Key Players & Entities

• DATASEA INC. (company) — Registrant
• ROSE ROCK INC. (company) — Former company name
• November 14, 2024 (date) — Date of earliest event reported
• January 21, 2015 (date) — Date of name change
• Nevada (jurisdiction) — State of incorporation
• Beijing, People's Republic of China (location) — Address of principal executive offices

FAQ

Key Financial Figures

• $0.001 — nge on which registered Common Stock, $0.001 par value DTSS The Nasdaq Stock Mar
• $1,181,331 — ompany that its stockholders' equity of $1,181,331, as reported in the Company's Quarterly
• $2,500,000 — mum stockholders' equity requirement of $2,500,000 for continued listing as per Nasdaq Lis
• $4,064,729 — n the Company's stockholders' equity of $4,064,729, as reported in the Company's Quarterly

Filing Documents

• ea0221986-8k_datasea.htm (8-K) — 26KB
• 0001213900-24-100637.txt ( ) — 197KB
• dtss-20241114.xsd (EX-101.SCH) — 3KB
• dtss-20241114_lab.xml (EX-101.LAB) — 33KB
• dtss-20241114_pre.xml (EX-101.PRE) — 22KB
• ea0221986-8k_datasea_htm.xml (XML) — 4KB

01 Other Events

Item 8.01 Other Events. As previously reported in the Current Report on Form 8-K filed by Datasea Inc. (the "Company") on May 24, 2024, the Company received a letter from The Nasdaq Stock Market LLC ("Nasdaq") on May 23, 2024 (the "Notice Date"), regarding its non-compliance with the minimum stockholders' equity requirement for continued listing on the Nasdaq Capital Market. The letter notified the Company that its stockholders' equity of $1,181,331, as reported in the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2024, did not meet the Nasdaq Capital Market's minimum stockholders' equity requirement of $2,500,000 for continued listing as per Nasdaq Listing Rule 5550(b)(1) (the "Stockholders' Equity Requirement"). Nasdaq gave the Company 45 days from the Notice Date to submit a plan to regain compliance with the Stockholders' Equity Requirement. On July 5, 2024, the Company submitted a compliance plan to Nasdaq detailing its plan to regain compliance with the Stockholders' Equity Requirement. Nasdaq granted the Company 180 days from the Notice Date to evidence compliance. On November 14, 2024, the Company received written notification from Nasdaq that it had regained compliance with the Stockholders' Equity Requirement based on the Company's stockholders' equity of $4,064,729, as reported in the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2024. Accordingly, the Company is now in compliance with Nasdaq Listing Rule 5550(b)(1), and the matter is closed.

01. Financial Statement and Exhibits

Item 9.01. Financial Statement and Exhibits. (d) Exhibits. Exhibit No. Description 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

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. DATASEA INC. November 20, 2024 By: /s/ Zhixin Liu Name: Zhixin Liu Title: Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR