6-K
Lucas GC Ltd (LGCL)
UNITEDSTATES
SECURITIESAND EXCHANGE COMMISSION
Washington,D.C. 20549
FORM6-K
REPORTOF FOREIGN PRIVATE ISSUER
PURSUANTTO RULE 13a-16 OR 15d-16
UNDERTHE SECURITIES EXCHANGE ACT OF 1934
Forthe month of January 2025
CommissionFile Number: 001-41658
LucasGC Limited
(Exactname of registrant as specified in its charter)
Room5A01, 4^th^ Floor
AirChina Building, Xiaoyun Road
Sanyuanqiao,Chaoyang District
Beijing100027, China
(Addressof 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<br> 20-F ☒ | Form<br> 40-F ☐ |
|---|
Receiptof Nasdaq Notification Regarding Minimum Bid Price Compliance
Lucas GC Limited (NASDAQ: LGCL) (“Lucas” or the “Company”) is furnishing this current report on Form 6-K to report that it received a letter from The Nasdaq Stock Market LLC (“Nasdaq”), notifying the Company that it is currently not in compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5550(a)(2) because the closing bid price of the Company’s ordinary shares was below $1.00 per share for a period of 30 consecutive business days. This current report on Form 6-K is issued pursuant to Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a deficiency notification. The notification has no immediate effect on the listing of the Company’s ordinary shares, which will continue to trade uninterrupted on Nasdaq under the ticker “LGCL.”
Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has a compliance period of 180 calendar days, or until July 15, 2025 (the “Compliance Period”), to regain compliance with Nasdaq’s minimum bid price requirement. If at any time during the Compliance Period, the closing bid price per share of the Company’s ordinary shares is at least $1.00 for a minimum of 10 consecutive business days, Nasdaq will provide the Company a written confirmation of compliance and the matter will be closed. If the Company does not regain compliance with the minimum bid price requirement within the Compliance Period, the Company may be eligible for additional time, assume the absence of other deficiencies.
The Company intends to monitor the closing bid price of its ordinary shares and will, if appropriate, consider implementing available options, including, but not limited to, implementing a reverse stock split of its ordinary shares, to regain compliance with the minimum bid price requirement under the Nasdaq Listing Rules.
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.
Date: January 22, 2025
| Lucas GC Limited | |
|---|---|
| By: | /s/ Howard Lee |
| Name: | Howard<br> Lee |
| Title: | Chief<br> Executive Officer and Chairman of the Board of Directors |