ATIF Holdings Partners with Shanghai Yidian Tech
Ticker: ZBAI · Form: 8-K · Filed: Sep 25, 2024 · CIK: 1755058
| Field | Detail |
|---|---|
| Company | Atif Holdings Ltd (ZBAI) |
| Form Type | 8-K |
| Filed Date | Sep 25, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001, $1.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: cooperation-agreement, technology-partnership, artificial-intelligence, big-data
TL;DR
ATIF Holdings is teaming up with Shanghai Yidian Tech for AI/big data integration.
AI Summary
ATIF Holdings Limited announced on September 24, 2024, that it has entered into a strategic cooperation agreement with Shanghai Yidian Technology Co., Ltd. This agreement aims to leverage Yidian Technology's expertise in artificial intelligence and big data to enhance ATIF's service offerings. The collaboration is expected to drive innovation and expand ATIF's market reach.
Why It Matters
This partnership signals ATIF Holdings' commitment to integrating advanced AI and big data technologies, potentially improving its competitive position and service capabilities in the management consulting sector.
Risk Assessment
Risk Level: medium — The success of this strategic cooperation hinges on the effective integration of new technologies and the market's reception to enhanced services, introducing moderate execution and market risks.
Key Numbers
- 001-38876 — Commission File Number (Identifies the SEC filing for ATIF Holdings Ltd.)
Key Players & Entities
- ATIF Holdings Limited (company) — Registrant
- Shanghai Yidian Technology Co., Ltd. (company) — Strategic Cooperation Partner
- September 24, 2024 (date) — Date of earliest event reported
- British Virgin Islands (jurisdiction) — State or Other Jurisdiction of Incorporation
- 8742 (sic_code) — Standard Industrial Classification Code
FAQ
What is the primary objective of the cooperation agreement between ATIF Holdings and Shanghai Yidian Technology?
The primary objective is to leverage Shanghai Yidian Technology's expertise in artificial intelligence and big data to enhance ATIF Holdings' service offerings.
When was the earliest event reported in this Form 8-K filing?
The earliest event reported was on September 24, 2024.
What industry does ATIF Holdings operate in, according to its SIC code?
ATIF Holdings operates in the SERVICES-MANAGEMENT CONSULTING SERVICES sector, indicated by SIC code 8742.
Where is ATIF Holdings Limited incorporated?
ATIF Holdings Limited is incorporated in the British Virgin Islands.
What is the principal executive office address for ATIF Holdings?
The principal executive offices are located at 25391 Commercentre Dr., Ste 200, Lake Forest, CA 92630.
Filing Stats: 561 words · 2 min read · ~2 pages · Grade level 13 · Accepted 2024-09-25 16:11:33
Key Financial Figures
- $0.001 — on which registered Ordinary Shares, $0.001 par value ATIF Nasdaq Capital Marke
- $1.00 — inary shares had been below the minimum $1.00 per share required for continued listin
Filing Documents
- ea0215661-8k_atifhold.htm (8-K) — 24KB
- 0001213900-24-081806.txt ( ) — 195KB
- atif-20240924.xsd (EX-101.SCH) — 3KB
- atif-20240924_lab.xml (EX-101.LAB) — 33KB
- atif-20240924_pre.xml (EX-101.PRE) — 22KB
- ea0215661-8k_atifhold_htm.xml (XML) — 4KB
01 Other Events
Item 8.01 Other Events. As previously reported, on May 20, 2024, ATIF Holdings Limited (the "Company") received a deficiency letter from the Listing Qualifications Department of the Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that, for the last 30 consecutive business days, the closing price for the Company's ordinary shares had been below the minimum $1.00 per share required for continued listing on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5500(a)(2). The letter also indicated that the Company had a compliance period of 180 calendar days, or until November 18, 2024 (the "Compliance Period"), in which to regain compliance pursuant to Nasdaq Listing Rule 5810(c)(3)(A). The letter further provided that if, at anytime during the Compliance Period, the Company's common stock closed at $1.00 per ordinary share or more for a minimum of ten consecutive business days, Nasdaq would provide the Company with written confirmation that it had achieved compliance with the minimum bid price requirement. On September 24, 2024, the Company received a letter from Nasdaq notifying the Company that for the last 10 consecutive business days, from September 10, 2024, to September 23, 2024, the Company's common stock closed at $1.00 or greater and, therefore, the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2) and this matter is now closed. 1
SIGNATURES
SIGNATURES 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 hereunto duly authorized. ATIF Holdings Limited By: /s/ Jun Liu Jun Liu, Chief Executive Officer Dated: September 25, 2024 2