Hour Loop Faces Delisting Concerns
Ticker: HOUR · Form: 8-K · Filed: Jul 29, 2024 · CIK: 1874875
Sentiment: bearish
Topics: delisting, listing-rules, regulatory
TL;DR
Hour Loop might get kicked off the exchange, stock could tank.
AI Summary
Hour Loop, Inc. filed an 8-K on July 29, 2024, reporting a notice of delisting or failure to satisfy continued listing rules. The company's principal executive offices are located at 8201 164th Ave NE #200, Redmond, WA 98052-7615.
Why It Matters
This filing indicates potential issues with Hour Loop, Inc.'s ability to remain listed on its current exchange, which could significantly impact its stock liquidity and investor confidence.
Risk Assessment
Risk Level: high — A notice of delisting directly threatens the company's public trading status, creating significant uncertainty and potential financial distress.
Key Players & Entities
- Hour Loop, Inc. (company) — Registrant
- 8201 164th Ave NE #200, Redmond, WA 98052-7615 (location) — Principal executive offices
- July 26, 2024 (date) — Earliest event reported
- July 29, 2024 (date) — Filing date
FAQ
What specific listing rule or standard has Hour Loop, Inc. failed to satisfy?
The filing does not specify the exact listing rule or standard that Hour Loop, Inc. has failed to satisfy, only that a notice of delisting or failure to satisfy such a rule has been issued.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is July 26, 2024.
Where are Hour Loop, Inc.'s principal executive offices located?
Hour Loop, Inc.'s principal executive offices are located at 8201 164th Ave NE #200, Redmond, WA 98052-7615.
What is the Commission File Number for Hour Loop, Inc.?
The Commission File Number for Hour Loop, Inc. is 001-41204.
What is the IRS Employer Identification Number for Hour Loop, Inc.?
The IRS Employer Identification Number for Hour Loop, Inc. is 47-2869399.
Filing Stats: 786 words · 3 min read · ~3 pages · Grade level 12 · Accepted 2024-07-29 16:15:26
Key Financial Figures
- $1.00 m — e Company is not in compliance with the $1.00 minimum bid price requirement set forth i
- $1.00 — ties to maintain a minimum bid price of $1.00 per share and, based upon the closing b
Filing Documents
- form8-k.htm (8-K) — 39KB
- 0001493152-24-029424.txt ( ) — 207KB
- hour-20240726.xsd (EX-101.SCH) — 3KB
- hour-20240726_lab.xml (EX-101.LAB) — 33KB
- hour-20240726_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 3KB
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. HOUR LOOP, INC. Dated: July 29, 2024 By: /s/ Sam Lai Name: Sam Lai Title: Chief Executive Officer and Interim Chief Financial Officer