AYRO, Inc. Faces Delisting Concerns
Ticker: SBLX · Form: 8-K · Filed: Jul 24, 2024 · CIK: 1086745
| Field | Detail |
|---|---|
| Company | Ayro, Inc. (SBLX) |
| Form Type | 8-K |
| Filed Date | Jul 24, 2024 |
| Risk Level | high |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $1.00 |
| Sentiment | bearish |
Sentiment: bearish
Topics: delisting, compliance, 8-K
TL;DR
AYRO might get kicked off the exchange, folks.
AI Summary
AYRO, Inc. filed an 8-K on July 24, 2024, reporting a notice of delisting or failure to satisfy a continued listing rule or standard. The company previously operated under the names DropCar, Inc., WPCS INTERNATIONAL INC, and PHOENIX STAR VENTURES INC.
Why It Matters
This filing indicates potential issues with AYRO, Inc.'s compliance with stock exchange listing requirements, which could lead to the stock being delisted.
Risk Assessment
Risk Level: high — A notice of delisting directly threatens the company's ability to remain publicly traded, posing a significant risk to investors.
Key Players & Entities
- AYRO, Inc. (company) — Registrant
- DropCar, Inc. (company) — Former company name
- WPCS INTERNATIONAL INC (company) — Former company name
- PHOENIX STAR VENTURES INC (company) — Former company name
- July 18, 2024 (date) — Earliest event reported
- July 24, 2024 (date) — Filing date
FAQ
What specific listing rule or standard has AYRO, Inc. failed to satisfy?
The filing does not specify the exact rule or standard that AYRO, Inc. has failed to satisfy, only that a notice of delisting or failure to satisfy a continued listing rule or standard has been issued.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on July 18, 2024.
What is AYRO, Inc.'s primary business address?
AYRO, Inc.'s primary business address is 900 E. Old Settlers Boulevard, Suite 100, Round Rock, Texas 78664.
What are the former names of AYRO, Inc. mentioned in the filing?
The former names of AYRO, Inc. mentioned in the filing are DropCar, Inc., WPCS INTERNATIONAL INC, and PHOENIX STAR VENTURES INC.
What is the SEC file number for AYRO, Inc.?
The SEC file number for AYRO, Inc. is 001-34643.
Filing Stats: 774 words · 3 min read · ~3 pages · Grade level 13 · Accepted 2024-07-24 16:05:27
Key Financial Figures
- $0.0001 — ch registered Common stock, par value $0.0001 per share AYRO The Nasdaq Stock Mar
- $1.00 — y did not meet the minimum bid price of $1.00 per share required for continued listin
Filing Documents
- form8-k.htm (8-K) — 35KB
- 0001493152-24-028915.txt ( ) — 205KB
- ayro-20240718.xsd (EX-101.SCH) — 3KB
- ayro-20240718_lab.xml (EX-101.LAB) — 33KB
- ayro-20240718_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 4KB
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. AYRO, INC. Date: July 24, 2024 By: /s/ Joshua Silverman Joshua Silverman Executive Chairman