Asset Entities Inc. Files 8-K

TL;DR

Asset Entities Inc. filed an 8-K on July 24th, likely with new info.

AI Summary

Asset Entities Inc. filed an 8-K on July 29, 2024, reporting events that occurred on July 24, 2024. The filing primarily concerns Regulation FD Disclosure and Other Events, with no specific financial figures or material agreements detailed in the provided text.

Why It Matters

This 8-K filing indicates that Asset Entities Inc. is disclosing material information to the public, which could impact investor understanding of the company's current status.

Risk Assessment

Risk Level: low — The filing is a standard 8-K for disclosure and does not contain information suggesting immediate financial distress or significant operational changes.

Key Players & Entities

• Asset Entities Inc. (company) — Filer of the 8-K
• July 24, 2024 (date) — Earliest event date reported
• July 29, 2024 (date) — Filing date
• Nevada (jurisdiction) — State of incorporation
• Dallas, TX (location) — Principal executive offices location

FAQ

Key Financial Figures

• $0.0001 — hich registered Class B Common Stock, $0.0001 par value per share ASST The Nasdaq
• $1.00 — ties to maintain a minimum bid price of $1.00 per share, and Nasdaq Listing Rule 5810
• $2,500,000 — ule 5550(b) by maintaining a minimum of $2,500,000 in stockholders' equity for continued l
• $1,862,255 — ompany reported stockholders' equity of $1,862,255 in its Quarterly Report on Form 10-Q fo

Filing Documents

• ea0210162-8k_asset.htm (8-K) — 34KB
• ea021016201ex99-1_asset.htm (EX-99.1) — 9KB
• ex99-1_001.jpg (GRAPHIC) — 7KB
• 0001013762-24-001807.txt ( ) — 230KB
• asst-20240724.xsd (EX-101.SCH) — 3KB
• asst-20240724_lab.xml (EX-101.LAB) — 33KB
• asst-20240724_pre.xml (EX-101.PRE) — 22KB
• ea0210162-8k_asset_htm.xml (XML) — 4KB

01 Other Events

Item 8.01 Other Events. Nasdaq Compliance Notice As previously reported in its Current Report on Form 8-K filed on October 3, 2023, the Company received written notification from the Listing Qualifications Department (the "Qualifications Staff") of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that it was not in compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) for continued listing on The Nasdaq Capital Market (the "Bid Price Rule"). The Bid Price Rule requires listed securities to maintain a minimum bid price of $1.00 per share, and Nasdaq Listing Rule 5810(c)(3)(A) provides that a failure to meet the Bid Price Rule exists if the deficiency continues for a period of 30 consecutive business days. 1 As previously reported in its Current Report on Form 8-K filed on May 31, 2024, on May 23, 2024, the Company received a written notification (the "Equity Notice") from the Qualifications Staff informing the Company that it no longer complies with the requirement under Nasdaq Listing Rule 5550(b) by maintaining a minimum of $2,500,000 in stockholders' equity for continued listing on The Nasdaq Capital Market (the "Stockholders' Equity Rule") because the Company reported stockholders' equity of $1,862,255 in its Quarterly Report on Form 10-Q for the period ended March 31, 2024, and, as of the date of the Equity Notice, the Company did not meet the alternatives of market value of listed securities or net income from continuing operations. Accordingly, the Equity Notice indicated that this matter served as an additional basis for delisting the Company's securities from Nasdaq. On July 1, 2024, the Company effectuated a one-for-five (1-for-5) reverse stock split (the "Reverse Stock Split") of the Company's issued and outstanding shares of Class A Common Stock, $0.0001 par value per share, and Class B Common Stock, $0.0001 par value per share ("Class B Common Stock"), in order to raise the minimum bid price of

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press Release dated July 29, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: July 29, 2024 ASSET ENTITIES INC. /s/ Arshia Sarkhani Name: Arshia Sarkhani Title: Chief Executive Officer and President 3

View Full Filing

View this 8-K filing on SEC EDGAR