Business Context and Reporting Period
Company: Nocera, Inc. (NCRA)
Filing Type: Form 8-K (Current Report)
Date of Report: April 24, 2025
Reporting Period: Fiscal year ended December 31, 2024 (regarding the delisting notice)
Context: The Company is an emerging growth company incorporated in Nevada, with principal executive offices in New Taipei City, Taiwan. Its common stock trades on The Nasdaq Stock Market LLC.
Key Financial Metrics
This filing is a notice of delisting and does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The filing text does not provide a clear value for any financial metrics.
Material Changes
- Listing Status: The Company received a notice from Nasdaq indicating non-compliance with Listing Rule 5250(c)(1) due to the failure to file its Annual Report on Form 10-K for the fiscal year ended December 31, 2024.
- Trading Status: The notice has no immediate effect on the listing; common stock will continue to trade under the symbol "NCRA."
Guidance, Outlook, and Risks
- Compliance Plan: The Company has 60 calendar days from the notice date to submit a plan to regain compliance.
- Extension Potential: If the plan is accepted, Nasdaq may grant an extension of up to 180 calendar days from the original due date, or until October 13, 2025, to file the Form 10-K.
- Management Commentary: Management states it is working diligently to complete the Form 10-K and intends to file it as soon as practicable.
- Risks: Failure to regain compliance within the specified timeframe could result in delisting from the Nasdaq Stock Market.
Investor Verification Checklist
- Verify the current status of the Form 10-K for the fiscal year ended December 31, 2024.
- Monitor the submission of the compliance plan to Nasdaq within the 60-day window.
- Confirm whether Nasdaq accepts the compliance plan and grants the potential extension to October 13, 2025.
- Review the attached press release (Exhibit 99.1) for additional details on the notification.