TH International Fails Nasdaq Bid Price Rule, Faces Delisting

TL;DR

Nasdaq says TH International still below $1 bid price, company can appeal.

AI Summary

On January 24, 2025, TH International Limited received a staff determination letter from Nasdaq. The letter states the company has not regained compliance with the minimum bid price requirement of $1.00 per share. The company has the option to appeal this determination.

Why It Matters

Failure to meet Nasdaq's minimum bid price requirement could lead to the delisting of TH International's shares, impacting liquidity and investor confidence.

Risk Assessment

Risk Level: high — The company is at high risk of delisting from Nasdaq due to non-compliance with minimum bid price rules.

Key Numbers

• $1.00 — Minimum Bid Price (The threshold TH International failed to maintain to remain compliant with Nasdaq listing rules.)

Key Players & Entities

• TH International Limited (company) — The company that received the Nasdaq determination letter.
• Nasdaq (company) — The stock exchange that issued the determination letter.
• $1.00 (dollar_amount) — The minimum closing bid price requirement that TH International has not met.
• January 24, 2025 (date) — The date the determination letter was issued.

FAQ

Key Financial Figures

• $1.00 — maintain a minimum closing bid price of $1.00 per share, unless the Company requests

Filing Documents

• ea0228626-6k_thinter.htm (6-K) — 13KB
• ea022862601ex99-1_thinter.htm (EX-99.1) — 9KB
• 0001213900-25-006499.txt ( ) — 23KB

From the Filing

OF FOREIGN PRIVATE ISSUER UNITED STATES 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 January 2025 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 EXPLANATORY NOTE On January 24, 2025, TH International Limited (the “Company”) issued a press release announcing its receipt of a staff determination letter from Nasdaq notifying the Company that because the Company had not regained compliance with the Nasdaq requirement to maintain a minimum closing bid price of $1.00 per share, unless the Company requests an appeal of this determination, the Company’s ordinary shares would be scheduled for delisting from The Nasdaq Capital Market. The Company plans to timely request a hearing before the Panel, if necessary, which will stay the suspension and the Company’s ordinary shares will continue to trade on Nasdaq pending the decision. To regain compliance, an issuer must evidence a closing bid price of at least $1.00 per share for a minimum of 10, though generally not more than 20, consecutive trading days. Following the Company’s implementation of a reverse stock split on January 13, 2025, the bid price for the Company’s ordinary shares has closed above $1.00 per share for 9 consecutive trading days as of the close of the market today. A copy of the press release is filed as Exhibit 99.1 to this Report on Form 6-K and is incorporated herein by reference. 1 INDEX TO EXHIBITS Exhibit Number Exhibit Title 99.1 Tims China Announces Receipt of Listing Notice from Nasdaq 2 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: January 24, 2025 3

View Full Filing

View this 6-K filing on SEC EDGAR