X3 Holdings Gets Nasdaq Bid Price Compliance Extension
Ticker: XTKG · Form: 6-K · Filed: Oct 11, 2024 · CIK: 1754323
| Field | Detail |
|---|---|
| Company | X3 Holdings Co., Ltd. (XTKG) |
| Form Type | 6-K |
| Filed Date | Oct 11, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: compliance, extension, Nasdaq, stock-price
TL;DR
Nasdaq gives X3 Holdings more time to fix its stock price, avoiding delisting for now.
AI Summary
X3 Holdings Co., Ltd. announced on October 11, 2024, that it has received an extension from the Nasdaq Stock Market to regain compliance with the minimum bid price requirement. The company was previously notified on July 15, 2024, and this extension provides additional time to meet the $1.00 minimum bid price per share.
Why It Matters
This extension gives X3 Holdings more time to address its low stock price, which is crucial for maintaining its listing on the Nasdaq and avoiding delisting.
Risk Assessment
Risk Level: medium — The company is at risk of delisting if it cannot meet the Nasdaq's minimum bid price requirement by the new deadline.
Key Numbers
- $1.00 — Minimum Bid Price (Requirement for Nasdaq listing compliance)
Key Players & Entities
- X3 Holdings Co., Ltd. (company) — Registrant
- Nasdaq Stock Market (company) — Exchange
- July 15, 2024 (date) — Date of initial notification
- October 11, 2024 (date) — Date of announcement and extension
- $1.00 (dollar_amount) — Minimum bid price requirement
FAQ
What is the new deadline for X3 Holdings to regain compliance with the Nasdaq's minimum bid price requirement?
The filing does not specify a new deadline, only that an extension has been granted.
When was X3 Holdings first notified about its non-compliance with the minimum bid price requirement?
X3 Holdings was first notified on July 15, 2024.
What is the specific requirement X3 Holdings needs to meet?
X3 Holdings needs to meet the Nasdaq's minimum bid price requirement of $1.00 per share.
What is the primary risk associated with this filing?
The primary risk is the potential delisting from the Nasdaq Stock Market if compliance is not achieved.
What form was this filing submitted under?
This filing was submitted as a Form 6-K.
Filing Stats: 170 words · 1 min read · ~1 pages · Grade level 10.1 · Accepted 2024-10-11 16:30:27
Filing Documents
- ea0217284-6k_x3holdings.htm (6-K) — 9KB
- ea021728401ex99-1_x3holdings.htm (EX-99.1) — 6KB
- 0001213900-24-087286.txt ( ) — 17KB
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 October 2024 Commission File Number: 001-38851 X3 HOLDINGS CO., LTD. (Translation of Registrant’s name into English) Suite 412, Tower A, Tai Seng Exchange One Tai Seng Avenue Singapore 536464 (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 EXHIBIT INDEX Exhibit No. Description 99.1 Press Release - X3 Holdings Receives Extension to Regain Compliance with the Nasdaq's Minimum Bid Price Requirement 1 SIGNATURE Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: October 11, 2024 X3 HOLDINGS CO., LTD. By: /s/ Stewart Lor Stewart Lor Chief Executive Officer 2