LOBO EV Technologies Discloses Home Country Practice Rule Reliance
Ticker: LOBO · Form: 6-K · Filed: Dec 16, 2024 · CIK: 1932072
Sentiment: neutral
Topics: disclosure, compliance, listing-rules
Related Tickers: LOBO
TL;DR
LOBO EV Technologies is telling Nasdaq it will follow China's rules, not BVI's, for its 2024 annual report.
AI Summary
LOBO EV Technologies Ltd. is filing a Form 6-K on December 16, 2024, to disclose its intention to rely on home country practice rules in its upcoming annual report on Form 20-F for the fiscal year ending December 31, 2024. As a British Virgin Islands-incorporated company listed on Nasdaq, LOBO is subject to Nasdaq's corporate governance requirements.
Why It Matters
This filing clarifies how LOBO EV Technologies will comply with corporate governance standards, which could impact investor understanding of its reporting practices.
Risk Assessment
Risk Level: low — This is a routine disclosure regarding compliance with listing rules and does not involve significant financial or operational changes.
Key Players & Entities
- LOBO EV Technologies Ltd. (company) — Registrant
- Nasdaq (company) — Stock Exchange
- Form 20-F (document) — Annual Report Form
- December 31, 2024 (date) — Fiscal Year End
- December 16, 2024 (date) — Filing Date
FAQ
What is the primary purpose of this Form 6-K filing?
The primary purpose is to disclose LOBO EV Technologies Ltd.'s intention to rely on home country practice rules in its annual report on Form 20-F for the fiscal year ended December 31, 2024.
Which stock exchange is LOBO EV Technologies Ltd. listed on?
LOBO EV Technologies Ltd. is listed on the Nasdaq Capital Market.
What is the company's country of incorporation?
The company is incorporated in the British Virgin Islands.
What fiscal year does the Form 20-F report cover?
The Form 20-F report covers the fiscal year ended December 31, 2024.
What specific rule is LOBO EV Technologies Ltd. referencing for its reporting?
The company is referencing the home country rule exemption, indicating it will follow practices of its home country (China) rather than the British Virgin Islands for certain aspects of its reporting.
Filing Stats: 1,072 words · 4 min read · ~4 pages · Grade level 13.9 · Accepted 2024-12-16 17:00:23
Key Financial Figures
- $1,500,000 — the Investor, at the purchase price of $1,500,000, an unsecured promissory note in the or
- $1,635,000.00 — ote in the original principal amount of $1,635,000.00 (the “ Note ”) convertible
- $0.001 — quo;) convertible into ordinary shares, $0.001 par value per share, of the Company (th
- $120,000.00 — includes an original issue discount of $120,000.00 along with $15,000.00 for investor&rsqu
- $15,000.00 — ssue discount of $120,000.00 along with $15,000.00 for investor’s fees, costs and ot
- $1.00 — are. The Note contains a floor price of $1.00 for the possible future conversions int
Filing Documents
- form6-k.htm (6-K) — 30KB
- ex99-1.htm (EX-99.1) — 165KB
- ex99-2.htm (EX-99.2) — 76KB
- 0001493152-24-050257.txt ( ) — 272KB
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. Lobo EV Technologies Ltd. Date: December 16, 2024 By: /s/ Huajian Xu Name: Huajian Xu Title: Chief Executive Officer 4