Business Context and Reporting Period
This Form 6-K filing by Dogness (International) Corp covers the month of December 2022. The report addresses a regulatory matter concerning the company's listing status on The Nasdaq Stock Market LLC.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is a current report focused on regulatory compliance rather than financial performance.
Material Changes
The primary material event reported is the resolution of a non-compliance issue regarding the Minimum Bid Price Rule (Nasdaq Listing Rule 5550(a)(2)).
- December 2, 2022: Nasdaq notified the company that its Class A common shares traded below $1.00 for 30 consecutive business days.
- December 23, 2022: Nasdaq notified the company that it had regained compliance with the Minimum Bid Price Rule.
- Current Status: The matter is now closed.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, or outlook for future periods. The primary risk addressed was the potential delisting due to low share price, which has been resolved as of the filing date. A press release dated December 27, 2022, is included as Exhibit 99.1.
Key Facts for Investor Verification
- Verify the current trading price of Dogness (International) Corp Class A common shares to ensure continued compliance with the $1.00 minimum bid price requirement.
- Confirm the company's ongoing listing status on Nasdaq following the December 23, 2022, compliance notification.
- Note that this filing contains no financial data; investors should refer to the most recent Form 20-F for financial performance metrics.