Business Context and Reporting Period
This Form 8-K filing by Greenpro Capital Corp. (GRNQ) was submitted on November 10, 2021, reporting events occurring on November 9, 2021. The company is incorporated in Nevada and its common stock trades on the NASDAQ Capital Market.
Key Financial Metrics
This filing does not provide financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The report focuses exclusively on regulatory compliance regarding stock listing standards.
Material Changes
The primary material event is the resolution of a listing deficiency:
- Deficiency Notice: On August 30, 2021, the company was notified by Nasdaq that its stock price had fallen below $1.00 per share for 30 consecutive business days, violating Listing Rule 5550(a)(2).
- Compliance Period: The company was granted a 180-day period to regain compliance, with a deadline of February 28, 2022.
- Resolution: On November 9, 2021, Nasdaq confirmed the company regained compliance as the closing bid price remained at or above $1.00 per share for 10 consecutive business days (October 25, 2021, to November 8, 2021).
Outlook, Risks, and Management Commentary
Management confirmed that the matter regarding the minimum bid price requirement is now closed. No forward-looking guidance, risk factors, or unusual items were disclosed in this specific filing.
Investor Verification Checklist
- Verify the current trading price of GRNQ to ensure it remains above the $1.00 threshold to avoid future delisting notices.
- Review the company's most recent 10-K or 10-Q filings for financial performance data, as this 8-K contains no financial metrics.
- Monitor future 8-K filings for any new regulatory notices or material events.