Caravelle International Group Nasdaq Bid Price Issue Continues
Ticker: HTCO · Form: 6-K · Filed: Jun 11, 2024 · CIK: 1928948
Sentiment: neutral
Topics: compliance, listing-requirements, sec-filing
TL;DR
Caravelle still can't get its stock above $1 on Nasdaq, referencing old notices.
AI Summary
Caravelle International Group (the "Company") is filing a Form 6-K for the month of June 2024. This filing references previous disclosures from June 13, 2023, and December 26, 2023, regarding the Company's failure to maintain a minimum bid price of $1.00 on The Nasdaq Stock Market LLC ("Nasdaq"). The Nasdaq Listing Qualifications Department initially notified the Company of this deficiency on June 7, 2023.
Why It Matters
This filing highlights ongoing compliance issues with Nasdaq's minimum bid price requirement, which could impact the company's stock listing and investor confidence.
Risk Assessment
Risk Level: medium — The company has a history of not meeting Nasdaq's minimum bid price requirement, indicating potential delisting risks.
Key Numbers
- $1.00 — Minimum Bid Price (The threshold the company has failed to maintain on Nasdaq.)
Key Players & Entities
- Caravelle International Group (company) — Filer of the report
- Nasdaq (company) — Stock exchange where the company is listed
- June 13, 2023 (date) — Date of a previous disclosure
- December 26, 2023 (date) — Date of a previous disclosure
- June 7, 2023 (date) — Date Nasdaq notified the company of bid price issue
- $1.00 (dollar_amount) — Minimum bid price requirement
FAQ
What is the primary purpose of this Form 6-K filing?
This Form 6-K filing is to report information for the month of June 2024, specifically referencing previous disclosures about the company's failure to meet Nasdaq's minimum bid price requirement.
When was Caravelle International Group first notified by Nasdaq about the minimum bid price issue?
Caravelle International Group was first notified by Nasdaq's Listing Qualifications Department on June 7, 2023.
What is the minimum bid price required by Nasdaq?
The minimum bid price required by Nasdaq is $1.00.
What previous filings are referenced in this report?
This report references previous Form 6-K filings dated June 13, 2023, and December 26, 2023.
Where is Caravelle International Group's principal executive office located?
Caravelle International Group's principal executive office is located at 60 Paya Lebar Road, #05-47 Paya Lebar Square, Singapore 409051.
Filing Stats: 420 words · 2 min read · ~1 pages · Grade level 18.4 · Accepted 2024-06-11 10:42:54
Key Financial Figures
- $1.00 — lure to maintain a minimum bid price of $1.00 for over the previous 30 consecutive bu
Filing Documents
- ea0207637-6k_caravelle.htm (6-K) — 12KB
- 0001213900-24-051562.txt ( ) — 13KB
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, thereunto duly authorized. Date: June 11, 2024 CARAVELLE INTERNATIONAL GROUP By: /s/ Guohua Zhang Guohua Zhang Chief Executive Officer (Principal Executive Officer) 2