TH International Ltd Faces Nasdaq Delisting Warning

TL;DR

Nasdaq says TH International's stock price is too low, giving them until Jan 15, 2025 to fix it or get booted.

AI Summary

On July 19, 2024, TH International Limited received a notice from Nasdaq stating that its ordinary shares are non-compliant with the $1.00 minimum bid price requirement. The company has a 180-day period, until January 15, 2025, to regain compliance.

Why It Matters

Failure to meet Nasdaq's minimum bid price could lead to delisting, impacting the company's liquidity and investor confidence.

Risk Assessment

Risk Level: medium — The company is at risk of delisting from Nasdaq if it cannot meet the minimum bid price requirement within the specified timeframe.

Key Numbers

• $1.00 — Minimum Bid Price (The threshold TH International Limited's ordinary shares must maintain to comply with Nasdaq listing rules.)

Key Players & Entities

• TH International Limited (company) — The company receiving the Nasdaq notice.
• Nasdaq Stock Market LLC (company) — The exchange that issued the non-compliance notice.
• $1.00 (dollar_amount) — The minimum bid price requirement that TH International Limited failed to meet.
• July 19, 2024 (date) — The date TH International Limited received the notice.
• January 15, 2025 (date) — The deadline for TH International Limited to regain compliance with Nasdaq's minimum bid price rule.

FAQ

Key Financial Figures

• $0.00000939586994067732 — pany’s ordinary shares, par value $0.00000939586994067732 per share (the “ ordinary shares
• $1.00 m — hares ”), fail to comply with the $1.00 minimum bid price requirement for continu
• $1.00 — of the ordinary shares must be at least $1.00 for at least 10 consecutive business da

Filing Documents

• ea0209961-6k_thinter.htm (6-K) — 16KB
• 0001013762-24-000763.txt ( ) — 17KB

From the Filing

OF FOREIGN PRIVATE ISSUER UNITED 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 July 2024 Commission file number: 001-41516 TH International Limited 2501 Central Plaza 227 Huangpi North Road Shanghai, People’s Republic of China, 200003 +86-021-6136-6616 (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 On July 19, 2024, TH International Limited, a Cayman Islands exempted company (the “ Company ”), received a notice (the “ Notice ”) from the Nasdaq Stock Market LLC (“ Nasdaq ”), stating that the Company’s ordinary shares, par value $0.00000939586994067732 per share (the “ ordinary shares ”), fail to comply with the $1.00 minimum bid price requirement for continued listing on Nasdaq in accordance with Nasdaq Listing Rule 5550(a)(2) based upon the closing bid price of the ordinary shares for the 30 consecutive business days prior to the date of the Notice. Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided an initial compliance period of 180 calendar days, or until January 15, 2025, to regain compliance with the minimum bid price requirement. To regain compliance, the closing bid price of the ordinary shares must be at least $1.00 for at least 10 consecutive business days (with such compliance period extendable at the discretion of Nasdaq) prior to January 15, 2025. Nasdaq would then provide a written confirmation of compliance and the matter will be closed. If the Company is unable to regain compliance by January 15, 2025, the Company may be eligible for an additional 180 calendar day compliance period to demonstrate compliance with the minimum bid price requirement. To qualify, the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the minimum bid price requirement, and will need to provide written notice to Nasdaq of its intention to cure the deficiency during the second compliance period, by effecting a reverse stock split, if necessary, and it must otherwise appear to Nasdaq that the Company is capable of curing the deficiency. If the Company does not qualify for the second compliance period or fails to regain compliance during the second 180 calendar day period, then Nasdaq will notify the Company of its determination to delist the ordinary shares, at which point the Company would have an opportunity to appeal the delisting determination to a Hearings Panel. The Company will monitor the closing bid price of its ordinary shares. Receipt of the Notice has no effect on the Company’s business operations. 1 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. TH International Limited /s/ Yongchen Lu Yongchen Lu Chief Executive Officer Date: July 24, 2024 2

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View this 6-K filing on SEC EDGAR