Starbox Group Regains Nasdaq Listing Compliance

TL;DR

Starbox Group Holdings Ltd. is back in Nasdaq's good graces, keeping its listing alive!

AI Summary

Starbox Group Holdings Ltd. announced on November 14, 2024, that it has regained compliance with Nasdaq's minimum closing bid price requirement of $1.00 per share, as per Nasdaq Listing Rule 5550(a)(2). This positive development allows the company to continue its listing on The Nasdaq Capital Market.

Why It Matters

Regaining compliance with Nasdaq's minimum bid price requirement is crucial for Starbox Group Holdings Ltd. as it ensures the company's continued listing on a major stock exchange, which can impact investor confidence and access to capital.

Risk Assessment

Risk Level: low — The filing indicates the company has met a specific listing requirement, which is a positive operational update.

Key Numbers

• $1.00 — Minimum Bid Price (The minimum closing bid price required by Nasdaq for continued listing.)

Key Players & Entities

• Starbox Group Holdings Ltd. (company) — The company that received the notification from Nasdaq.
• Nasdaq (company) — The stock exchange that issued the notification.
• November 14, 2024 (date) — The date the company received the notification letter.
• Nasdaq Listing Rule 5550(a)(2) (rule) — The specific rule regarding minimum closing bid price.

FAQ

Key Financial Figures

• $0.018 — uo;s Class A ordinary shares, par value $0.018 per share, had been at $1.00 or greater
• $1.00 — par value $0.018 per share, had been at $1.00 or greater and that, accordingly, the m

Filing Documents

• form6-k.htm (6-K) — 15KB
• 0001493152-24-046270.txt ( ) — 16KB

From the Filing

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of November 2024 Commission File Number: 001-41480 Starbox Group Holdings Ltd. VO2-03-07, Velocity Office 2, Lingkaran SV, Sunway Velocity, 55100 Kuala Lumpur, Malaysia (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F Form 40-F On November 14, 2024, Starbox Group Holdings Ltd., a Cayman Islands company (the “Company”), received a letter (the “Notification Letter”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) informing the Company that it had regained compliance with the minimum closing bid price required for continued listing on The Nasdaq Capital Market set forth in Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”). The Notification Letter confirmed that, for 10 consecutive business days starting from October 31, 2024, the closing bid price of the Company’s Class A ordinary shares, par value $0.018 per share, had been at $1.00 or greater and that, accordingly, the matter concerning the Company’s failure to comply with the Minimum Bid Price Requirement was closed. This Form 6-K is hereby incorporated by reference into the registration statements on Form F-3 of the Company (File No. 333-274484), as amended, the registration statement on Form F-3 of the Company (File No. 333-278571), the registration statement on Form F-3 of the Company (File No. 333-280850), and the registration statement on Form F-3 of the Company (File No. 333-281748), as amended, and into the base prospectus and the prospectus supplement outstanding under each of the foregoing registration statements, to the extent not superseded by documents or reports subsequently filed or furnished by the Company under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended. 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. Starbox Group Holdings Ltd. Date: November 15, 2024 By: /s/ Lee Choon Wooi Name: Lee Choon Wooi Title: Chief Executive Officer

View Full Filing

View this 6-K filing on SEC EDGAR