Business Context and Reporting Period
This Form 6-K was filed by Golden Bull Limited (operating as Bit Digital, Inc.) on October 4, 2019. The report serves as a clarification regarding the home country rule exemption disclosure previously included in the company's Form 20-F for the fiscal year ended December 31, 2018. The filing specifically references NASDAQ Listing Rule 5635.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document is a corporate governance clarification and does not contain financial statements or performance metrics.
Material Changes
No material financial changes versus the prior comparable period are reported in this filing. The document addresses a procedural clarification regarding shareholder approval requirements for share issuance under NASDAQ rules.
Guidance, Outlook, and Corporate Governance
Corporate Governance: The company elected to be exempt from NASDAQ Listing Rule 5635, which requires shareholder approval for the issuance of 20% or more of outstanding ordinary shares, pursuant to the home country rule exemption under NASDAQ Listing Rule 5615. The company states it is committed to high standards of corporate governance and endeavors to comply with NASDAQ practices, noting no significant differences other than the aforementioned exemption.
Outlook and Risks: The filing text does not provide specific guidance, outlook, risks, contingencies, or unusual items.
Key Facts for Investor Verification
- The filing clarifies the company's exemption from NASDAQ Listing Rule 5635 regarding shareholder approval for significant share issuances.
- The company asserts that, aside from the specific exemption, its corporate governance practices align with NASDAQ requirements for domestic U.S. companies.
- No financial data or operational updates are included in this specific report.