Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
May 03 2024 - 9:00PM
Edgar (US Regulatory)
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 OF THE
SECURITIES
EXCHANGE ACT OF 1934
For
the month of April 2024
Commission
File Number 001-40517
BON
NATURAL LIFE LIMITED
(Translation
of registrant’s name into English)
Room
601, Block C, Gazelle Valley, No.69, Jinye Road
High-Tech
Zone, Xi’an, Shaanxi, China
People’s
Republic of China
(Address
of principal executive offices)
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 ☐
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Note:
Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report
to security holders.
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
Note:
Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that
the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated,
domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on
which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to
be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the
subject of a Form 6-K submission or other Commission filing on EDGAR.
As
previously reported by Bon Natural Life Limited (the “Company”), on June 12, 2023, the Company received a letter (the “Notification
Letter”) from Nasdaq Stock Market, LLC (“Nasdaq”), notifying the Company that it had not been in compliance with the
minimum bid price of $1.00 per share for thirty (30) consecutive days, as required by the Nasdaq Rules for continued listing (the “Rules”).
In accordance with the Rules, the Company had been provided 180 calendar days, or until December 11, 2023, to regain compliance with
the Rules. Later, Nasdaq determined that the Company was eligible for an additional 180 calendar day period, or until June 10, 2024,
to regain compliance. On April 11, 2024, the Company implemented a 1-for-10 reverse split of its ordinary shares in order to achieve
compliance with the minimum bid price standard.
On
April 25, 2024, the Company received a written notification from Nasdaq that, for the last 10 consecutive business days, from April 11
through April 24, 2024, the closing bid price of the Company’s ordinary shares has been at $1.00 per share or greater. Accordingly,
Nasdaq has confirmed that the Company has regained compliance with Listing Rule 5550(a)(2), and the matter is now closed.
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, thereunto duly authorized.
Date:
May 3, 2024 |
Bon
Natural Life Limited |
|
|
|
|
By: |
/s/
Yongwei Hu |
|
|
Yongwei
Hu |
|
|
Chairman
and Chief Executive Officer |
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