Business Context and Reporting Period
This Form 6-K filing by Dragon Victory International Limited (also referenced as Metalpha Technology Holding Ltd) covers the month of September 2019. The report addresses the company's compliance status with Nasdaq listing requirements.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document is a regulatory compliance notice and does not contain financial statements.
Material Changes
The primary material event reported is the resolution of a listing deficiency:
- July 16, 2019: The Company received notice from Nasdaq that it was non-compliant with the minimum bid price requirement of $1.00 per share (Nasdaq Listing Rule 5550(a)(2)).
- September 19, 2019: The Company received notice that it had regained compliance with the minimum bid price requirement, and the matter was closed.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, or outlook. The primary risk addressed was the potential delisting due to low share price, which has been resolved as of the filing date.
Investor Verification Checklist
- Verify the current share price to ensure continued compliance with the $1.00 minimum bid price requirement.
- Confirm the company's operational status and financial health through subsequent periodic reports (e.g., Form 20-F), as this filing contains no financial data.
- Review the company's corporate structure to understand the relationship between "Dragon Victory International Limited" and "Metalpha Technology Holding Ltd."