Top KingWin Ltd Receives Nasdaq Deficiency Notice

TL;DR

Nasdaq sent TCJH a deficiency notice, putting its listing at risk.

AI Summary

On June 7, 2024, Top KingWin Ltd (TCJH) received a deficiency notice from the Nasdaq Stock Market LLC's Listing Qualifications Department. The notice indicates that the company is not in compliance with Nasdaq's continued listing requirements.

Why It Matters

This notice from Nasdaq could lead to delisting if the company does not regain compliance, impacting its stock liquidity and investor confidence.

Risk Assessment

Risk Level: medium — Receiving a deficiency notice from a major stock exchange like Nasdaq indicates potential non-compliance with listing rules, which could lead to delisting.

Key Players & Entities

• Top KingWin Ltd (company) — Registrant
• TCJH (company) — Abbreviation for Top KingWin Ltd
• Nasdaq Stock Market LLC (company) — Exchange issuing the notice
• June 7, 2024 (date) — Date the deficiency notice was received

FAQ

Key Financial Figures

• $1.00 — s”) had been below the minimum of $1.00 per Class A Ordinary Share required for

Filing Documents

• ea0207746-6k_topking.htm (6-K) — 11KB
• ea020774601ex99-1_topking.htm (EX-99.1) — 8KB
• 0001213900-24-052246.txt ( ) — 20KB

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 June 2024 TOP KINGWIN LTD (Exact name of registrant as specified in its charter) Room 1304, Building No. 25, Tian’an Headquarters Center, No. 555 North Panyu Avenue, Donghuan Street Panyu District, Guangzhou, Guangdong Province, PRC (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 Deficiency Notice Received from Nasdaq On June 7, 2024, Top Kingwin Ltd (“TCJH” or the “Company”) received a deficiency notice (the “Notice”) from the Listing Qualifications Department (the “Staff”) of the Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, for the last 30 consecutive business days, the closing bid price for the Company’s Class A ordinary shares (the “Class A Ordinary Shares”) had been below the minimum of $1.00 per Class A Ordinary Share required for continued listing on the Nasdaq Capital Market (the “Minimum Bid Price Rule”) and did not meet the Minimum Bid Price Rule set forth in Nasdaq Listing Rule 5550(a)(2). The Notice has no immediate effect on the listing of the Class A Ordinary Shares, which will continue to trade on the Nasdaq Capital Market under the symbol “TCJH” without interruption at this time. In accordance with Nasdaq Listing Rules, the Company has 180 calendar days, or until December 4, 2024, to regain compliance with the Minimum Bid Price Rule. If at any time before December 4, 2024, the closing bid price of the Class A Ordinary Shares is at least $1.00 per Class A Ordinary Share for a minimum of 10 consecutive business days, the Staff will provide written confirmation that the Company has achieved compliance with the Minimum Bid Price Rule and the matter will be closed. If the Company does not regain compliance with the Minimum Bid Price Rule by December 4, 2024, the Company may be eligible for an additional 180-day calendar period to regain compliance or be subject to delisting. The Company’s business operations are not affected by the receipt of the Notice. The Company intends to monitor the closing bid price of its Class A Ordinary Shares and may, if appropriate, consider implementing available options, including, but not limited to, implementing a reverse share split of its outstanding Class A Ordinary Shares, to regain compliance with the Minimum Bid Price Rule. EXHIBITS Number Description 99.1 Press Release of Top Kingwin Ltd dated June 13, 2024. 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. Top KingWin Ltd Date: June 13, 2024 By: /s/ Ruilin Xu Name: Ruilin Xu Title: Chief Executive Officer 2

View Full Filing

View this 6-K filing on SEC EDGAR