Nocera, Inc. Faces Delisting Notice

TL;DR

Nocera's getting delisted, big trouble ahead.

AI Summary

Nocera, Inc. filed an 8-K on September 20, 2024, to report a notice of delisting or failure to meet continued listing standards. The filing indicates a potential transfer of listing, though specific details regarding the reasons for delisting or the new listing venue are not provided in this excerpt. The company's principal executive offices are located in New Taipei City, Taiwan.

Why It Matters

This filing signals potential significant disruption for Nocera, Inc. shareholders as the company may be removed from its current exchange, impacting liquidity and valuation.

Risk Assessment

Risk Level: high — A delisting notice indicates severe financial distress or non-compliance with exchange rules, posing a substantial risk to investors.

Key Players & Entities

• NOCERA, INC. (company) — Registrant
• September 17, 2024 (date) — Earliest event reported
• September 20, 2024 (date) — Filing date
• Nevada (jurisdiction) — State of incorporation
• 001-41434 (identifier) — Commission File Number
• 16-1626611 (identifier) — IRS Employer Identification No.
• New Taipei City Taiwan (location) — Address of principal executive offices

FAQ

Key Financial Figures

• $0.001 — ch registered Common Stock, par value $0.001 per share NCRA The Nasdaq Stock Mark
• $1.00 — required closing bid price of at least $1.00 per share, as required for continued li

Filing Documents

• nocera_8k.htm (8-K) — 31KB
• 0001683168-24-006574.txt ( ) — 205KB
• ncra-20240917.xsd (EX-101.SCH) — 3KB
• ncra-20240917_lab.xml (EX-101.LAB) — 33KB
• ncra-20240917_pre.xml (EX-101.PRE) — 24KB
• nocera_8k_htm.xml (XML) — 4KB

01

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing On September 17, 2024, Nocera, Inc. (the "Company") received a deficiency letter (the "Nasdaq Letter") from The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that, for the last 30 consecutive business days, the closing bid price of the Company's shares of common stock, $0.001 par value per share ("Common Stock"), has not been maintained at the minimum required closing bid price of at least $1.00 per share, as required for continued listing on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2) (the "Bid Price Rule"). The Nasdaq Letter does not result in the immediate delisting of the Company's Common Stock, and the Company's Common Stock will continue to trade uninterrupted on The Nasdaq Capital Market under the symbol "NCRA." In accordance with the listing rules of Nasdaq, the Company has been given 180 calendar days, or until March 17, 2025 (the "Compliance Date"), to regain compliance with the Bid Price Rule. If at any time before the Compliance Date, the closing bid price of the Company's Common Stock is at least $1.00 per share for a minimum of ten consecutive business days, Nasdaq will provide written notification to the Company that it complies with the Bid Price Rule. If the Company is unable to regain compliance before the Compliance Date, the Company may be eligible for an additional 180 calendar days to satisfy the Bid Price Rule. To qualify, the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market with the exception of the Bid Price Rule, and will need to provide written notice of its intention to cure the deficiency during such additional compliance period, by effecting a reverse stock split, if necessary. If it appears to Nasdaq staff that the Company will not be able to cure the deficiency

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. NOCERA, INC. Date: September 20, 2024 By: /s/ Andy Ching-An Jin Name: Andy Ching-An Jin Title: Chief Executive Officer 3

View Full Filing

View this 8-K filing on SEC EDGAR