Greenpro Capital Corp. 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed by Greenpro Capital Corp. (GRNQ) on August 15, 2022, reporting an event that occurred on August 12, 2022. The company is incorporated in Nevada and its common stock trades on the NASDAQ Capital Market.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on regulatory compliance status regarding stock listing requirements.
Material Changes
The primary material change reported is the resolution of a listing deficiency. On January 3, 2022, the company received notice of non-compliance with NASDAQ Listing Rule 5550(a)(2) due to its closing bid price falling below $1.00 per share for 30 consecutive business days. The company was granted a 180-day compliance period ending July 5, 2022.
On August 12, 2022, NASDAQ determined that the company had regained compliance because the closing bid price was at or above $1.00 per share for the last 11 consecutive business days (July 28, 2022, to August 11, 2022). NASDAQ has treated this matter as closed.
Guidance, Outlook, and Risks
The filing contains no management guidance, financial outlook, or discussion of future risks beyond the resolution of the specific listing deficiency. No unusual items or contingencies were disclosed in this report.
Key Facts for Investor Verification
- Verify the current trading price of GRNQ to ensure it remains above the $1.00 minimum bid price requirement.
- Confirm that no new deficiency notices have been issued by NASDAQ subsequent to August 12, 2022.
- Review the company's most recent 10-K or 10-Q filings for financial performance data, as this 8-K contains no financial metrics.