Form 8-K - Current report
October 04 2023 - 3:00PM
Edgar (US Regulatory)
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2023-10-02
2023-10-02
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of The Securities and Exchange Act of 1934
Date
of Report (Date of earliest event reported): October 2, 2023
GREEN GIANT INC.
(Exact
name of registrant as specified in its charter)
Florida |
|
001-34864 |
|
33-0961490 |
(State
or other jurisdiction
of incorporation) |
|
(Commission
File Number) |
|
(IRS
Employer
Identification No.) |
6 Xinghan Road, 19th Floor
Hanzhong City
Shaanxi
Province, PRC |
|
723000 |
(Address
of principal executive offices) |
|
(Zip
Code) |
(+86)
091-62622612 |
(Registrant’s
telephone number, including area code) |
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
Common Stock, $0.001 par value |
|
GGE |
|
NASDAQ
Capital Market |
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of registrant under any
of the following provisions:
☐ |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ |
Soliciting
material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b)) |
☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 3.01 Notice of Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On
October 2, 2023, Green Giant Inc. (the “Company”) received a written notice (the “Notice”) from the Listing Qualifications
Department of The Nasdaq Stock Market (“Nasdaq”) indicating that the Company is not in compliance with the Nasdaq Listing
Rules (the “Rules”) as a result of not having held an annual meeting of stockholders within 12 months of the end of the Company’s
fiscal year on September 30, 2022. The Notice is only a notification of deficiency, not of imminent delisting, and has no current effect
on the listing or trading of the Company’s securities on the Nasdaq Capital Market.
The
Notice states that, under the Rules, the Company has 45 calendar days to submit a plan to regain compliance with the Rules. The Company
intends to submit a plan to regain compliance with the Rules within the required timeframe. If Nasdaq accepts the Company’s plan,
Nasdaq may grant the Company an extension of up to 180 calendar days from the Company’s fiscal year end, or until March 28, 2024,
to regain compliance. The Notice further states that in determining whether to accept the Company’s plan, Nasdaq will consider
such things as the likelihood that the annual meeting can be held within the 180-day period, the Company’s past compliance history,
the reasons for the delayed meeting, other corporate events that may occur during the review period, the Company’s overall financial
condition and its public disclosures. If Nasdaq does not accept the Company’s plan, the Company will have the opportunity to appeal
the decision in front of a Nasdaq Hearings Panel.
Information
Concerning Forward-Looking Statements
The
Company makes forward-looking statements in this report within the meaning of the Private Securities Litigation Reform Act of 1995. These
forward-looking statements relate to expectations or forecasts for future events. These statements may be preceded by, followed by or
include the words “may,” “might,” “will,” “will likely result,” “should,”
“estimate,” “plan,” “project,” “forecast,” “intend,” “expect,”
“anticipate,” “believe,” “seek,” “continue,” “target” or similar expressions.
These forward-looking statements are based on information available to us as of the date of this report, and involve substantial risks
and uncertainties. Actual results may vary materially from those expressed or implied by the forward-looking statements herein due to
a variety of factors, including the Company’s ability to submit a plan of compliance satisfactory to Nasdaq, the Company’s
ability to evidence that it can hold an annual meeting of stockholders by March 28, 2024, the Company’s successful appeal of Nasdaq’s
rejection of the Company’s plan, and other risks and uncertainties set forth in the Company’s reports filed with the Securities
and Exchange Commission. The Company does not undertake any obligation to update forward-looking statements as a result of new information,
future events or developments or otherwise.
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.
Date:
October 4, 2023 |
Green
Giant Inc. |
|
|
|
By: |
/s/
Yuhuai Luo |
|
|
Yuhuai
Luo
|
|
|
Chief
Executive Officer |
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