Recon Technology Addresses Listing Concerns
Ticker: RCON · Form: 6-K · Filed: May 23, 2024 · CIK: 1442620
| Field | Detail |
|---|---|
| Company | Recon Technology, Ltd (RCON) |
| Form Type | 6-K |
| Filed Date | May 23, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $1.00, $1.00 b |
| Sentiment | neutral |
Sentiment: neutral
Topics: listing-status, compliance, foreign-issuer
TL;DR
Recon Tech still dealing with listing issues from April 2023, filing updates.
AI Summary
Recon Technology, Ltd. filed a Form 6-K on May 23, 2024, to report on its status regarding a delisting notice. The company previously received an "Initial Notice" on April 27, 2023, concerning its listing qualifications.
Why It Matters
This filing indicates ongoing communication and potential actions related to the company's stock exchange listing, which could impact investor confidence and share price.
Risk Assessment
Risk Level: medium — The filing addresses potential delisting concerns, which introduces uncertainty for investors regarding the company's stock exchange status.
Key Players & Entities
- Recon Technology, Ltd. (company) — Filer of the 6-K report
- April 27, 2023 (date) — Date the Initial Notice was received
- May 23, 2024 (date) — Filing date of the 6-K report
FAQ
What is the specific reason for the "Initial Notice" received on April 27, 2023?
The filing does not specify the exact reason for the "Initial Notice" but refers to "listing qualifications."
Has Recon Technology taken any steps to address the listing qualification issues since April 2023?
The filing is a report of foreign private issuer and references the "Initial Notice," implying ongoing engagement, but specific remedial actions are not detailed in this excerpt.
What is the purpose of filing a Form 6-K in this context?
A Form 6-K is used by foreign private issuers to report information that is made public in their home country, filed with a stock exchange, or distributed to their security holders, such as updates on significant corporate events like listing status.
Where is Recon Technology, Ltd. headquartered?
Recon Technology, Ltd. is headquartered in Beijing, People's Republic of China.
What is the Commission File Number for Recon Technology, Ltd.?
The Commission File Number for Recon Technology, Ltd. is 001-34409.
Filing Stats: 484 words · 2 min read · ~2 pages · Grade level 15.2 · Accepted 2024-05-23 08:31:23
Key Financial Figures
- $1.00 — ;s ordinary shares had closed below the $1.00 per share minimum required for continue
- $1.00 b — quo;s continued non-compliance with the $1.00 bid price requirement unless the Company
Filing Documents
- tm2415398d1_6k.htm (6-K) — 12KB
- tm2415398d1_ex99-1.htm (EX-99.1) — 7KB
- 0001104659-24-064554.txt ( ) — 20KB
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. RECON TECHNOLOGY, LTD Date: May 23, 2024 By: /s/Jia Liu Name: Jia Liu Title: Chief Financial Officer