QNME 8-K
Quanome Technologies, Inc. (QNME)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 8.01 Other Events
On June 27, 2025, Lakeside Holding Limited (the “Company”) issued an aggregate of 3,000,000 shares of common stock for proceeds of approximately $3 million pursuant to a securities purchase agreement (the “Securities Purchase Agreement”) it entered into with certain investors on June 24, 2025 as previously disclosed. As a result of the transaction, there is an increase in the Company’s stockholders’ equity of approximately $3 million and the Company believes that it currently satisfies the Stockholders’ Equity Requirement for continued listing on the Nasdaq Capital Market as illustrated below.
As previously reported, on February 21, 2025, the Company received a deficiency letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company was not in compliance with Nasdaq's Listing Rule 5550(b)(1) because its shareholders’ equity was below the minimum shareholders’ equity requirement of $2,500,000 (the “Shareholders' Equity Requirement”). On May 14, 2025, the Company received a subsequent letter from Nasdaq notifying it that Nasdaq reviewed the Company’s compliance plan submitted on April 7, 2025, as well as supplemental information submitted on April 25, 2025, and Nasdaq decided to grant the Company an extension until June 30, 2025 to regain compliance with the Stockholders’ Equity Requirement.
The Company understands Nasdaq will continue to monitor its ongoing compliance with Nasdaq’s Listing Rules. If the Company does not demonstrate compliance at the time of its next periodic report, the Company may be subject to further actions including delisting.
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SIGNATURE
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 hereunto duly authorized.
Dated: July 1, 2025
| Lakeside Holding Limited | ||
| By: | /s/ Long Yi | |
| Long Yi | ||
| Chief Financial Officer | ||
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