Business Context and Reporting Period
This Form 8-K is a current report filed by Code Chain New Continent Limited (trading symbol: CCNC) on November 28, 2022. The company is incorporated in Nevada and its principal executive offices are located in Hong Kong. The report addresses a specific regulatory event regarding the company's listing status on the Nasdaq Capital Market.
Key Financial Metrics
This filing does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The document focuses exclusively on a compliance event regarding the company's stock price.
Material Changes
The primary material event reported is the resolution of a listing deficiency. On November 28, 2022, the company received notification from the Nasdaq Listing Qualifications Department that it had regained compliance with the minimum bid price requirement of $1.00 per share. This compliance was achieved because the common stock maintained a closing bid price at or above $1.00 for 10 consecutive business days, satisfying Nasdaq Listing Rule 5550(a)(2). The matter is now closed.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or discussion of risks and contingencies beyond the resolution of the specific listing issue. No unusual items or financial contingencies are disclosed in this report.
Investor Verification Checklist
- Verify the current trading status of CCNC on the Nasdaq Capital Market to confirm continued compliance.
- Review the company's most recent 10-K or 10-Q filings for actual financial performance data, as this 8-K contains none.
- Confirm the company's corporate structure and executive leadership, noting Hongxiang Yu as CEO, President, and Chairman.