6-K
AIOS Tech Inc. (AIOS)
SECURITIESAND EXCHANGE COMMISSION
Washington,D.C. 20549
FORM 6-K
Reportof Foreign Private Issuer
Pursuantto Rule 13a-16 or 15d-16 Under
theSecurities Exchange Act of 1934
Forthe month of June 2023
CommissionFile Number: 001-37829
NISUNINTERNATIONAL ENTERPRISE
DEVELOPMENTGROUP CO., LTD
(Registrant’s name)
21F,55 Loushanguan Rd
ChangningDistrict
Shanghai200336
People’sRepublic of China
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.:
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K on paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K on paper as permitted by Regulation S-T Rule 101(b)(7): ☐
EXPLANATORYNOTE
On May 26, 2023, Nisun International Enterprise Development Group Co., Ltd (the “Company”) received a Staff determination letter (the “Letter”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company of the Staff’s determination to delist the Company’s securities from The Nasdaq Capital Market because the Company had failed to satisfy the requirement that the closing bid price of its securities remain at $1.00 or higher as required by Nasdaq Listing Rule 5550(a)(2) (the “Listing Rule”). The Company was previously granted a second 180 calendar day period to return to compliance by May 22, 2023.
Pursuant to the Letter, unless the Company requests an appeal of the Staff’s Letter, trading of the Company’s Common Shares will be suspended at the opening of business on June 6, 2023, and a Form 25-NSE will be filed with the Securities and Exchange Commission, which will remove the Company’s securities from listing and registration on the Nasdaq Stock Market.
On June 1, 2023, the Registrant received notification from Nasdaq that the Staff has determined that for 10 consecutive business days, from May 18 to June 1, 2023, the closing bid price of the Company’s common stock has been at $1.00 per share or greater. Accordingly, the Company has regained compliance with the Listing Rule and this matter is now closed.
A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 6-K and is incorporated herein by reference.
1
EXHIBIT INDEX
| Exhibit | Description |
|---|---|
| 99.1 | Press release dated June 2, 2023 |
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| NISUN INTERNATIONAL ENTERPRISE DEVELOPMENT GROUP CO., LTD | ||
|---|---|---|
| Date:<br> June 2, 2023 | By: | /s/ Xiaoyun Huang |
| Name: | Xiaoyun<br> Huang | |
| Title: | Chief<br> Executive Officer<br><br> <br>(Principal<br> Executive Officer) and<br><br> <br>Duly Authorized Officer |
3
Exhibit99.1
NisunInternational Regains Compliance with NASDAQ Minimum Bid Price Requirement
SHANGHAI, June 2, 2023 /PRNewswire/ -- Nisun International Enterprise Development Group Co., Ltd (Nasdaq: NISN) (“Nisun” or the “Company”) announced today that it has received a Staff determination letter (the “Letter”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“NASDAQ”) dated May 26, 2023 notifying the Company of the Staff’s determination to delist the Company’s securities from The NASDAQ Capital Market because the Company had failed to satisfy the requirement that the closing bid price of its securities remain at $1.00 or higher as required by NASDAQ Listing Rule 5550(a)(2).
Pursuant to the Letter, unless the Company requests an appeal of the Letter, trading of the Company’s Class A Common Shares will be suspended at the opening of business on June 6, 2023, and a Form 25-NSE will be filed with the Securities and Exchange Commission, which will remove the Company’s securities from listing and registration on the NASDAQ Stock Market.
On June 1, 2023, the Company received notification from NASDAQ confirming the Company has regained compliance with NASDAQ’s minimum bid price requirement under Listing Rule 5550(a)(2). NASDAQ noted this matter is now closed.
AboutNisun International Enterprise Development Group Co., Ltd
Nisun International Enterprise Development Group Co., Ltd (NASDAQ: NISN) is a technology-driven, integrated supply chain solutions provider focused on transforming the corporate finance industry. Leveraging its rich industry experience, Nisun is dedicated to providing professional supply chain solutions to Chinese and foreign enterprises and financial institutions. Through its subsidiaries, Nisun provides users with professional solutions for technology supply chain management, technology asset routing, and digital transformation of tech and finance institutions, enabling the industry to strengthen and grow. At the same time, Nisun continues to deepen the field of industry segmentation through industrial and financial integration, by cultivating/creating an ecosystem of openness and empowerment. Nisun has built a linked platform that incorporates supply chain, banking, securities, trust, insurance, funds, state-owned enterprises, among other businesses. Focusing on industry-finance linkages, Nisun aims to serve the upstream and downstream of the industrial supply chain while also assisting with supply-side sub-sector reform. For more information, please visit http://ir.nisun-international.com/.
CautionaryNote Regarding Forward-Looking Statements
Thispress release contains information about Nisun’s view of its future expectations, plans and prospects that constitute forward-lookingstatements. Actual results may differ materially from historical results or those indicated by these forward-looking statements as aresult of a variety of factors including, but not limited to, risks and uncertainties associated with its ability to raise additionalfunding, its ability to maintain and grow its business, variability of operating results, its ability to maintain and enhance its brand,its development and introduction of new products and services, the successful integration of acquired companies, technologies and assetsinto its portfolio of products and services, marketing and other business development initiatives, competition in the industry, generalgovernment regulation, economic conditions, dependence on key personnel, the ability to attract, hire and retain personnel who possessthe technical skills and experience necessary to meet the requirements of its clients, and its ability to protect its intellectual property.Nisun encourages you to review other factors that may affect its future results in Nisun’s registration statement and in its otherfilings with the Securities and Exchange Commission. Nisun assumes no obligation to update or revise its forward-looking statements asa result of new information, future events or otherwise, except as expressly required by applicable law.
Contacts
NisunInternational Enterprise Development Group Co., Ltd
Investor Relations
Tel: +86 (21) 2357-0055
Email: ir@cnisun.com
AscentInvestor Relations LLC
Tina Xiao
Tel: +1 (917) 609 0333
Email: tina.xiao@ascent-ir.com