Asset Entities Inc. Faces Delisting Concerns
Ticker: SATA · Form: 8-K · Filed: Dec 26, 2024 · CIK: 1920406
| Field | Detail |
|---|---|
| Company | Asset Entities Inc. (SATA) |
| Form Type | 8-K |
| Filed Date | Dec 26, 2024 |
| Risk Level | high |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $1.00, $1,000,000 |
| Sentiment | bearish |
Sentiment: bearish
Topics: delisting, listing-compliance, regulatory-filing
TL;DR
Asset Entities Inc. is on notice for potential delisting.
AI Summary
Asset Entities Inc. filed an 8-K on December 26, 2024, reporting a notice of delisting or failure to satisfy a continued listing rule or standard, with the earliest event date being December 16, 2024. The company is incorporated in Nevada and its principal executive offices are located in Dallas, Texas.
Why It Matters
This filing indicates potential issues with Asset Entities Inc.'s compliance with stock exchange listing requirements, which could lead to its shares being delisted.
Risk Assessment
Risk Level: high — A notice of delisting or failure to meet listing standards poses a significant risk to the company's stock trading status and investor confidence.
Key Players & Entities
- Asset Entities Inc. (company) — Filer of the 8-K report
- December 16, 2024 (date) — Earliest event date reported
- December 26, 2024 (date) — Date of the 8-K filing
- Nevada (jurisdiction) — State of incorporation
- Dallas, TX (location) — Location of principal executive offices
FAQ
What specific listing rule or standard has Asset Entities Inc. failed to satisfy?
The filing does not specify the exact rule or standard that Asset Entities Inc. has failed to satisfy, only that it has received a notice regarding such failure.
What is the earliest event date reported in this 8-K filing?
The earliest event date reported is December 16, 2024.
When was this 8-K form filed with the SEC?
This Form 8-K was filed on December 26, 2024.
Where are Asset Entities Inc.'s principal executive offices located?
Asset Entities Inc.'s principal executive offices are located at 100 Crescent Ct, 7th Floor, Dallas, TX 75201.
What is the company's state of incorporation?
The company is incorporated in Nevada.
Filing Stats: 833 words · 3 min read · ~3 pages · Grade level 14.4 · Accepted 2024-12-26 16:15:09
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
- $1,000,000 — market value of publicly held shares of $1,000,000 under Nasdaq Listing Rule 5550(a)(5) an
Filing Documents
- ea0226060-8k_asset.htm (8-K) — 25KB
- 0001213900-24-112672.txt ( ) — 196KB
- asst-20241216.xsd (EX-101.SCH) — 3KB
- asst-20241216_lab.xml (EX-101.LAB) — 33KB
- asst-20241216_pre.xml (EX-101.PRE) — 22KB
- ea0226060-8k_asset_htm.xml (XML) — 4KB
01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On December 16, 2024, Asset Entities Inc., a Nevada corporation (the "Company"), received a written notification (the "Notification Letter"), from the Listing Qualifications Department (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that it is 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 tier of Nasdaq. Nasdaq Listing Rule 5550(a)(2) 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 minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive business days. Based on the closing bid price of the Class B Common Stock, $0.0001 par value per share, of the Company (the "Class B Common Stock"), for the 30 consecutive business days from October 31, 2024 to December 13, 2024, the Company no longer meets the minimum bid price requirement. The Notification Letter does not impact the Company's listing of the Class B Common Stock on The Nasdaq Capital Market at this time. However, the Notification Letter provides that the Company's name will be included on a list of all non-compliant companies which Nasdaq makes available to investors on its website at listingcenter.nasdaq.com, beginning five business days from the date of the Notification Letter. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided 180 calendar days, or until June 16, 2025, to regain compliance with Nasdaq Listing Rule 5550(a)(2). To regain compliance, the Company's common stock must have a closing bid price of at least $1.00 for a minimum of 10 consecutive business days. If the Company does not regain compliance during such 180-day period, the Company may be eligible for an additional 180 calend
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: December 26, 2024 ASSET ENTITIES INC. /s/ Arshia Sarkhani Name: Arshia Sarkhani Title: Chief Executive Officer and President