ZK International Group Co., Ltd 6-K, filed Jun 26, 2024
ZK International Group Co., Ltd. (ZKIN)
About this 6-K
ZK International Group Co., Ltd filed this 6-K on June 26, 2024.
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 June 2024
Commission File Number: 001-38146
ZK INTERNATIONAL GROUP CO., LTD.
(Translation of registrant’s name into English)
c/o Zhejiang Zhengkang Industrial Co., Ltd.
No. 678 Dingxiang Road, Binhai Industrial Park
Economic & Technology Development Zone
Wenzhou, Zhejiang Province
People’s Republic of China 325025
Tel: +86-577-86852999
(Address of principal executive office)
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 x | Form 40-F ¨ |
As previously disclosed in the reports of foreign private issuer on Form 6-K, ZK International Group Co., Ltd. (the “Company”) received a written notice from the Listing Qualifications Department of the Nasdaq Stock Market, LLC (“Nasdaq”) on February 15, 2024, notifying the Company that, since the Company has not yet filed its Form 20-F for the year ended September 30, 2023, it no longer complies with Nasdaq Listing Rules for continued listing under Listing Rule 5250(c)(1) (the “Rule”).
Under Nasdaq Listing Rules, the Company has 60 calendar days to submit a plan of compliance to Nasdaq. The Company timely submitted a plan of compliance to Nasdaq and on April 29, 2024, the Company received a letter from Nasdaq notifying it that Nasdaq granted the Company an exception until June 7, 2024 to regain compliance with the Rule.
On June 6, 2024, the Company submitted another request for extension and on June 18, 2024, the Company was granted by Nasdaq staff a further extension of time through August 13, 2024, to file its Form 20-F for the fiscal year ended September 30, 2023.
In the event the Company does not file the 20-F for the fiscal year ended September 30, 2023 on or before August 13, 2024, Nasdaq will provide written notification that the securities of the Company will be delisted. At that time, the Company may appeal Nasdaq’s determination to a Nasdaq Listing Qualifications Panel and request a hearing.
On June 26, 2024, the Company issued a press release entitled “ZK International Group Co., Ltd. Granted Extension to file Form 20-F by Nasdaq”. A copy of the press release is furnished herewith as Exhibit 99.1.
Exhibit Index
| Exhibit Number |
Description of Exhibit | |
| 99.1 | Press release - ZK International Granted Extension to file Form 20-F by Nasdaq, dated June 26, 2024 |
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: June 26, 2024 | ZK INTERNATIONAL GROUP CO., LTD. | |
| By: | /s/ Jiancong Huang | |
| Name: | Jiancong Huang | |
| Title: | Chief Executive Officer and Chairman of the Board | |
Exhibit 99.1
FOR IMMEDIATE RELEASE
ZK International Group Co., Ltd. Granted Extension to File Form 20-F by Nasdaq
WENZHOU, China, June 26, 2024 — ZK International Group Co., Ltd. (Nasdaq: ZKIN) (the "Company") announces that Nasdaq has granted the Company an additional extension to file its Form 20-F for the fiscal year ended September 30, 2023. Initially, Nasdaq had extended the deadline to June 7, 2024. However, upon a subsequent request, Nasdaq has provided a further extension through August 13, 2024.
This extension allows the Company more time to complete and submit its annual report. Should the Company fail to file the 20-F by August 13, 2024, Nasdaq will issue a written notification of delisting. The Company will have the option to appeal Nasdaq’s determination to a Nasdaq Listing Qualifications Panel and request a hearing.
The Company remains committed to meeting all regulatory requirements and appreciates Nasdaq’s cooperation and understanding during this process.
For more information please visit www.ZKInternationalGroup.com. Additionally, please follow the Company on Twitter, Facebook, YouTube, and Weibo. For further information on the Company's SEC filings please visit www.sec.gov.
About ZK International Group Co., Ltd.:
ZK International Group Co., Ltd. is a China-based engineering company building and investing in innovative technologies for the modern world. With a focus on designing and implementing next-generation solutions through industrial, environmental and software engineering, ZKIN owns 28 patents, 21 trademarks, 2 Technical Achievement Awards, and 10 National and Industry Standard Awards.
ZKIN’s core business is to engineer and manufacture patented high-performance stainless steel and carbon steel pipe products that effectively deliver high quality, highly-sustainable and environmentally sound drinkable water to the Chinese, Asia and European markets. ZK International is Quality Management System Certified (ISO9001), Environmental Management System Certified (ISO1401), and a National Industrial Stainless Steel Production Licensee. It has supplied stainless steel pipelines for over 2,000 projects, which include the Beijing National Airport, the "Water Cube" and "Bird's Nest", which were venues for the 2008 Beijing Olympics. ZK International is preparing to capitalize on the $850 Billion commitment made by the Chinese Government to improve the quality of water, which has been stated to be 70% unfit for human contact.
Safe Harbor Statement
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. Without limiting the generality of the foregoing, words such as "may," "will," "expect," "believe," "anticipate," "intend," "could," "estimate" or "continue" or the negative or other variations thereof or comparable terminology are intended to identify forward-looking statements. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict and many of which are beyond the control of ZK International. Actual results may differ from those projected in the forward-looking statements due to risks and uncertainties, as well as other risk factors that are included in the Company’s filings with the U.S. Securities and Exchange Commission. Although ZK International believes that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance that the results contemplated in forward-looking statements will be realized. In light of the significant uncertainties inherent in the forward-looking information included herein, the inclusion of such information should not be regarded as a representation by ZK International or any other person that their objectives or plans will be achieved. ZK International does not undertake any obligation to revise the forward-looking statements contained herein to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.