Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
July 31 2023 - 6:01AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
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FORM
6-K |
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE
SECURITIES EXCHANGE ACT OF 1934
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For the month of July 2023
Commission File Number: 001-36363
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TARENA
INTERNATIONAL, INC. |
6/F, No. 1 Andingmenwai Street,
Litchi Tower, Chaoyang District,
Beijing 100011, People’s Republic
of China
Tel: +86 10 6213-5687
1/F, Block A, Training Building,
65 Kejiyuan Road, Baiyang Jie Dao,
Economic Development District,
Hangzhou 310000, People’s Republic
of China
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(Address of principal executive offices)
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Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or 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): ¨
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): ¨
SIGNATURE
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.
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TARENA INTERNATIONAL, INC. |
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By: |
/s/ Xiaobo Shao |
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Name: |
Xiaobo Shao |
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Title: |
Chief Financial Officer |
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Date: July 31, 2023 |
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EXHIBIT INDEX
Exhibit 99.1
– Press Release
Exhibit 99.1
Tarena Announces Receipt of Nasdaq Notification
Regarding Minimum Market Value of Publicly Held Shares
BEIJING, July 28, 2023 /PRNewswire/ — Tarena
International, Inc. (NASDAQ: TEDU) (“Tarena” or the “Company”), a leading provider of IT professional education
and IT-focused supplementary STEAM education services in China, today announced that it received a written notification from the Staff
of the Listing Qualifications Department of the Nasdaq Stock Market LLC (“Nasdaq”) dated July 28,
2023, indicating that the Company no longer meets the continued listing requirement of minimum Market Value of Publicly Held Shares (“MVPHS”)
for the Nasdaq Global Select Market, as set forth in the Nasdaq Listing Rule 5450(b)(2)(C), because the Company’s MVPHS for the
last 30 consecutive business days was below the minimum MVPHS requirement of US$15,000,000.
Pursuant to the Nasdaq Listing Rules, the applicable
grace period to regain compliance is 180 calendar days, or until January 24, 2024. The Company can cure this deficiency if
its MVPHS closes at US$15,000,000 or more for a minimum of ten consecutive business days during the compliance period. The Company’s
management is looking into various options available to regain compliance and maintain its continued listing on The Nasdaq Global Select
Market. In the event the Company does not regain compliance prior to the expiration of the compliance period, it will receive written
notification that its securities are subject to delisting. Alternatively, the Company may apply to transfer the Company’s securities
to The Nasdaq Capital Market, subject to the Nasdaq Capital Market’s continued listing requirements.
About Tarena International, Inc.
Tarena is a leading provider of IT professional
education and IT-focused supplementary STEAM education services in China. Through its innovative education platform combining live distance
instruction, classroom-based tutoring and online learning modules, Tarena offers professional education courses in IT and non-IT subjects.
Its professional education courses provide students with practical skills to prepare them for jobs in industries with significant growth
potential and strong hiring demand. Tarena also offers IT-focused supplementary STEAM education programs, including computer coding and
robotics programming courses, etc., targeting students between three and eighteen years of age. Aiming to encourage “code to learn,”
Tarena embraces the latest trends in STEAM education and technology to develop children's logical thinking and learning abilities while
allowing them to discover their interests and potential.
Safe Harbor Statement
This press release contains forward-looking statements
made under the “safe harbor” provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private
Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,”
“expects,” “anticipates,” “future,” “intends,” “plans,” “believes,”
“estimates,” “confident” and similar statements. Tarena may also make written or oral forward-looking statements
in its reports filed with or furnished to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press
releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements
that are not historical facts, including any business outlook and statements about Tarena’s beliefs and expectations, are forward-looking
statements. Many factors, risks and uncertainties could cause actual results to differ materially from those in the forward-looking statements.
Such factors and risks include, but not limited to the following: the impact of the COVID-19 outbreak; Tarena’s goals and strategies;
its future business development, financial condition and results of operations; its ability to continue to attract students to enroll
in its courses; its ability to continue to recruit, train and retain qualified instructors and teaching assistants; its ability to continually
tailor its curriculum to market demand and enhance its courses to adequately and promptly respond to developments in the professional
job market; its ability to maintain or enhance its brand recognition, its ability to maintain high job placement rate for its students,
and its ability to maintain cooperative relationships with financing service providers for student loans.
Further information regarding these and other
risks, uncertainties or factors is included in Tarena’s filings with the U.S. Securities and Exchange Commission. All information
provided in this press release is current as of the date of the press release, and Tarena does not undertake any obligation to update
such information, except as required under applicable law.
For further information, please contact:
Investor Relations Contact
Tarena International, Inc.
Email: ir@tedu.cn
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