Takung Art Receives Notice of Noncompliance from NYSE American Exchange
January 25 2023 - 4:05PM
Takung Art Co., Ltd. (NYSE American: TKAT) ("Company" or "TKAT"),
as an emerging online trading platform operator of international
art and collectibles, today announced it has received a notice of
noncompliance from the NYSE American Exchange on January 20, 2023
because the Company did not hold an annual meeting in 2022 due to
it requiring additional time to respond to comments from the U.S.
Securities Exchange Commission (the “SEC”) regarding the Company’s
Definitive Proxy Statement, as amended, and Registration Statement
on Form F-4 filed with the SEC on December 19, 2022. The Company
expects to hold an annual meeting in 2023, at which time it will
regain compliance with the NYSE American’s continued listing
standards.
About TKAT
Takung Art Co Ltd. operates an online electronic
platform (www.nftoeo.com) for offering and trading of digital
artwork. Through its platform, the Company allows artists/art
dealers/owners to access a much bigger art trading market where
they can engage with a wide range of investors. It generates
revenue in the form of services in connection with the offering and
trading of artwork on its platform, primarily consisting of listing
fees, trading commissions, and management fees. Please
visit: www.nftoeo.com.
Forward-Looking Statements
Certain statements in this press release may
constitute "forward-looking statements" within the meaning of the
Federal Securities Act, including but not limited to our
expectations of future financial performance, business strategy or
business. These statements constitute forecasts, prospects and
forward-looking statements and are not performance guarantees. TKAT
warns that forward-looking statements are subject to many
assumptions, risks and uncertainties that will change over time.
Forward looking statements may be identified by words such as
"may", "can", "should", "will", "estimate", "plan", "project",
"forecast", "intend", "expect", "predict", "believe", "seek",
"target", "Outlook" or similar words.
These forward-looking statements are based on
information available as of the date of this press release and our
management's current expectations, forecasts and assumptions, and
involve a number of judgments, risks and uncertainties that may
cause actual results or performance to be materially different from
those expressed or implied by these forward-looking statements.
Accordingly, forward-looking statements should not be relied upon
as representing our views as of any subsequent date, and you should
not place undue reliance on these forward-looking statements in
deciding whether to invest in our securities. We do not undertake
any obligation to update forward-looking statements to reflect
events or circumstances after the date they were made, whether as a
result of new information, future events or otherwise, except as
may be required under applicable securities laws.
SOURCE TKAT
CONTACT: Byron
Qian byronqian@163.com +8613020144962
Takung Art (AMEX:TKAT)
Historical Stock Chart
From Jun 2024 to Jul 2024
Takung Art (AMEX:TKAT)
Historical Stock Chart
From Jul 2023 to Jul 2024