Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
October 25 2024 - 4:05PM
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 October 2024
Commission File Number 001-34738
Luokung Technology Corp.
(Translation of registrant’s name into English)
Room 805, West Tower, Century Fortune Center Guanghua Road
Chaoyang District, Beijing
People’s Republic of China 100020
(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 ☐
Luokung Technology Corp. furnishes under the cover of
Form 6-K a press release as below:
Financial Statements and Exhibits
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.
October
25, 2024
| |
By: |
/s/
Xuesong Song |
| |
Name: |
Xuesong Song |
| |
Title: |
Chief Executive
Officer |
2
Exhibit 99.1
Luokung Announces Receipt of Nasdaq Notices Regarding Periodic
Filing Compliance and Stockholders’ Equity Deficiency
BEIJING, Oct. 25, 2024 (GLOBE NEWSWIRE) -- Luokung Technology
Corp. (NASDAQ: LKCO) (“Luokung” or the “Company”), a leading spatial-temporal intelligent big data services
company and provider of interactive location-based services (“LBS”) and high-definition maps (“HD Maps”) in China,
today announced that on October 23, 2024, the Company received two letters from the Nasdaq Stock Market LLC (“Nasdaq”).
The first letter notified the Company that, based on the filing
of its Form 20-F for the year ended December 31, 2023 (the “2023 20-F”) on October 22, 2024, the Company has regained compliance
with Nasdaq Listing Rule 5250(c)(1) regarding periodic filing requirements. Accordingly, Nasdaq considers this matter closed.
The second letter notified the Company that it no longer complies
with the minimum stockholders’ equity of $2.5 million for continued listing on the Nasdaq Capital Market under Listing Rule 5550(b)(1)
while stockholders’ equity for the year ended December 31, 2023 was reported as ($63,228,280), and the Company does not meet the
alternatives of market value of listed securities or net income from continuing operations. These determinations are based on information
reported in the 2023 20-F.
Under Nasdaq rules, the Company has 45 calendar days, or until
December 9, 2024, to submit a plan to regain compliance. If the plan is accepted, Nasdaq can grant an extension of up to 180 calendar
days from October 23, 2024, or April 21, 2025, to evidence compliance. The Company intends to submit a plan to regain compliance within
the required timeframe. There is no assurance that such plan would be accepted by the Nasdaq. If the plan is not accepted by the Nasdaq,
the Company will have the opportunity to appeal that decision to a Hearings Panel.
About Luokung
Technology Corp.
Luokung Technology Corp. is a leading
spatial-temporal intelligent big data services company, as well as a leading provider of LBS and HD Maps for various industries in China.
Backed by its proprietary technologies and expertise in HD Maps and multi-sourced intelligent spatial-temporal big data, Luokung has established
city-level and industry-level holographic spatial-temporal digital twin systems and actively serves industries including smart transportation
(autonomous driving, smart highway and vehicle-road collaboration), natural resource asset management (carbon neutral and environmental
protection remote sensing data service), and LBS smart industry applications (mobile Internet LBS, smart travel, smart logistics, new
infrastructure, smart cities, emergency rescue, among others). The Company routinely provides important updates on its website: https://www.luokung.com.
CONTACT:
The Company:
Mr. Jian Zhang
Chief Financial Officer
Tel: +86-10-6506-5217
Email: ir@luokung.com
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