Sound Group Inc. Gets Nasdaq Filing Exception
Ticker: SOGP · Form: 6-K · Filed: Jul 26, 2024 · CIK: 1783407
| Field | Detail |
|---|---|
| Company | Sound Group Inc. (SOGP) |
| Form Type | 6-K |
| Filed Date | Jul 26, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: filing-extension, sec-filing, compliance
Related Tickers: SOGP
TL;DR
SOGP got a Nasdaq filing extension for its 20-F, avoiding immediate delisting.
AI Summary
Sound Group Inc. (NASDAQ: SOGP), formerly LIZHI INC., announced on July 26, 2024, that it has received an exception from Nasdaq Staff concerning its Form 20-F filing for the period ending December 31, 2023. This exception allows the company additional time to meet Nasdaq's filing requirements.
Why It Matters
This filing indicates a temporary reprieve for Sound Group Inc. in meeting Nasdaq's listing requirements, potentially avoiding immediate delisting concerns.
Risk Assessment
Risk Level: medium — While the exception provides temporary relief, the underlying reasons for the delayed filing and the company's ability to meet future requirements remain a concern.
Key Players & Entities
- Sound Group Inc. (company) — Registrant
- LIZHI INC. (company) — Former company name
- Nasdaq (company) — Stock exchange
- SOGP (company) — Ticker symbol
- July 26, 2024 (date) — Announcement date
- December 31, 2023 (date) — Form 20-F period end
FAQ
What is the specific reason for the delay in Sound Group Inc.'s Form 20-F filing?
The filing does not specify the exact reason for the delay, only that an exception was granted by Nasdaq Staff.
What is the new deadline for Sound Group Inc. to file its Form 20-F?
The filing does not state a new deadline, only that an exception has been granted.
What are the implications of this exception for Sound Group Inc.'s listing on Nasdaq?
The exception grants Sound Group Inc. additional time to comply with Nasdaq's filing requirements, thus avoiding immediate delisting procedures.
When was Sound Group Inc. formerly known as LIZHI INC.?
The company's name was changed from LIZHI INC. on July 23, 2019.
What is the principal executive office address of Sound Group Inc.?
The principal executive offices are located at 60 Anson Road, Mapletree Anson, #09-01/02, Singapore 079914.
Filing Stats: 359 words · 1 min read · ~1 pages · Grade level 12.4 · Accepted 2024-07-26 07:10:28
Filing Documents
- tm2420268d1_6k.htm (6-K) — 12KB
- 0001104659-24-082842.txt ( ) — 13KB
From the Filing
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of July 2024 Commission file number: 001-39177 Sound Group Inc. (Exact Name of Registrant as Specified in Its Charter) 60 Anson Road, Mapletree Anson, #09-01/02, Singapore 079914 (Address of Principal Executive Offices) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F Form 40-F Sound Group Inc. Granted Exception by Nasdaq Staff Regarding Form 20-F Filing Sound Group Inc. (“Sound Group” or the “Company”) (NASDAQ: SOGP), formerly known as LIZHI INC., a global audio-centric social and entertainment company, today announced that it has been granted an exception by Nasdaq Staff regarding its Form 20-F filing for the period ended December 31, 2023. On May 17, 2024, Nasdaq Staff notified the Company of non-compliance with Nasdaq’s filing requirements set forth in Listing Rule 5250(c)(1) due to the absence of its Form 20-F filing for the period ended December 31, 2023. However, following a comprehensive review and assessment of the materials submitted by the Company on July 11, 2024, Nasdaq Staff has determined to grant an exception to enable the Company to regain compliance with the Rule. The terms of the exception require the Company to file the Form 20-F by November 11, 2024, as mandated by the Rule. In the event that Sound Group fails to meet these terms, Nasdaq Staff will issue written notification regarding the potential delisting of the Company’s securities. At such time, the Company retains the right to appeal Nasdaq Staff’s determination to a Hearings Panel. Sound Group reaffirms its dedication to maintaining the highest standards of corporate governance and transparency as it progresses towards regaining compliance with Nasdaq listing requirements. SIGNATURE 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, thereunto duly authorized. Sound Group Inc. Date: July 26, 2024 By: /s/ Jinnan (Marco) Lai Name: Jinnan (Marco) Lai Title: Chief Executive Officer, Director