Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
July 12 2024 - 4:00PM
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
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of July 2024
ICZOOM GROUP INC.
(Exact name of registrant as specified in its charter)
Room 3801, Building A, Sunhope e·METRO,
No. 7018 Cai Tian Road
Futian District, Shenzhen
Guangdong, China, 518000
Tel: 86 755 88603072
(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 ☐
Nasdaq Noncompliance Letter
On July 9, 2024, ICZOOM Group
Inc. (the “Company”) received written notice (the “Notice”) from the Listing Qualifications Department of The
Nasdaq Stock Market, LLC (“Nasdaq”) notifying the Company that it is not in compliance with Nasdaq Listing Rule 5620(a), which
requires that Nasdaq-listed companies hold an annual meeting of shareholders within twelve months of their fiscal year end (the “Annual
Meeting Requirement”), because the Company did not hold an annual meeting of shareholders within twelve months of its fiscal year
ended June 30, 2023. The notification received has no immediate effect on the Company’s Nasdaq listing. In accordance with Nasdaq
rules, the Company has 45 calendar days, or until August 23, 2024, to submit a plan to regain compliance with the Annual Meeting Requirement.
The Company is preparing for
an annual meeting for its shareholders and expects to regain compliance with the Annual Meeting Requirement thereafter. As it will take
some time to organize an annual meeting, in the event that such meeting is not completed by August 23, 2024, the Company plans to submit
a plan to regain compliance with the Annual Meeting Requirement. If Nasdaq accepts the Company’s plan, Nasdaq can grant an exception
of up to 180 calendar days from the Company’s fiscal year end, or until December 27. 2024, to regain compliance. However, there
can be no assurance that Nasdaq will accept the Company’s plan to regain compliance or that, should Nasdaq accept the Company’s
plan, the Company will be able to regain compliance within any extension period granted by Nasdaq. If Nasdaq does not accept the Company’s
plan, the Company will have the opportunity to appeal that decision to a Hearing Panel under Nasdaq Listing Rule 5815(a). If the Company
fails to regain compliance with Nasdaq’s Listing Rules (including, to the extent granted by Nasdaq, any applicable extensions of
time), the securities of the Company will be subject to delisting on The Nasdaq Stock Market.
SIGNATURES
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,
thereunto duly authorized.
|
ICZOOM Group Inc. |
|
|
|
Date: July 12, 2024 |
By: |
/s/ Lei Xia |
|
|
Lei Xia |
|
|
Chief Executive Officer |
2
ICZOOM (NASDAQ:IZM)
Historical Stock Chart
From Dec 2024 to Jan 2025
ICZOOM (NASDAQ:IZM)
Historical Stock Chart
From Jan 2024 to Jan 2025