Infobird Co., Ltd 6-K, filed Dec 7, 2023
Infobird Co., Ltd (IFBD)
About this 6-K
Infobird Co., Ltd filed this 6-K on December 7, 2023.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of December 2023
Commission File Number: 001-40301
Infobird Co., Ltd
(Registrant’s Name)
Unit 532A, 5/F, Core Building 2, No. 1 Science Park West Avenue
Hong Kong Science Park, Tai Po, N.T., Hong Kong
(Address of Principal Executive Offices)
Indicate by check mark whether the registrant files or will file annual reports under cover 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 in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
Other Information
As previously reported, on September 12, 2023, Infobird Co., Ltd. (the “Company”) received a written notification from the Nasdaq Listing Qualifications Department of the Nasdaq Stock Market (“Nasdaq”) that the closing bid price of our ordinary shares had been below $1.00 per share for the previous 30 consecutive business days, and that we were not in compliance with the minimum bid price requirement for continued listing on Nasdaq under Nasdaq Listing Rule 5550(a)(2) (the “Rule”). The Company was provided 180 calendar days, until March 11, 2024, to regain compliance.
On December 5, 2023, the Company received written notice from the Listing Qualifications Staff of Nasdaq notifying the Company that, for more than the last ten (10) consecutive business days, from November 20, 2023 through December 4, 2023, the closing bid price of the Company’s ordinary shares was $1.00 per share or greater. Accordingly, the written notice stated that the Company has regained compliance with the minimum bid price listing requirement set forth under the Rule.
On December 7, 2023, the Company issued a press release announcing that it regained compliance with Nasdaq listing requirements.
The full text of the press release is attached to this current report on Form 6-K as Exhibit 99.1
EXHIBIT INDEX
| Exhibit No. | Description | |
| 99.1 | Press Release, dated December 7, 2023 |
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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.
| c | INFOBIRD CO., LTD | ||
| Date: | December 7, 2023 | By: | /s/ Yiting Song |
| Yiting Song, Chief Financial Officer |
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Exhibit 99.1
Infobird Co., Ltd
Regains Compliance with Nasdaq Minimum Bid Price Requirement
HONG KONG, December 7, 2023 /PRNewswire/ – Infobird Co., Ltd (NASDAQ: IFBD) (“Infobird” or the “Company”), a software-as-a-service provider of AI-powered customer engagement solutions in China, today announced that it received a notification letter (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) on December 5, 2023 notifying the Company that it has regained compliance with the Nasdaq Capital Market’s minimum bid price requirement and that the matter is now closed.
On September 12, 2023, the Company was notified by Nasdaq of its failure to maintain a minimum closing bid price of at least $1.00 per share for 30 consecutive trading days under Nasdaq Listing Rules 5550(a)(2) and 5810(c)(3)(A), and was given 180 days, or until March 11, 2024, to regain compliance. Effective November 15, 2023, the Company effected a 1-for-20 share consolidation.
The Notice noted that as of December 5, 2023, the Company evidenced a closing bid price of its ordinary shares at or greater than $1.00 per share for at least 10 consecutive business days from November 20 through December 4, 2023. Accordingly, the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2), and Nasdaq considers the matter closed.
About Infobird Co., Ltd
Infobird, headquartered in Hong Kong, China, is a software-as-a-service provider of innovative AI-powered, or artificial intelligence enabled, customer engagement solutions. For more information, visit Infobird’s website at www.Infobird.com.
SOURCE INFOBIRD