secwatch.observer — SEC 8-K summary
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Issuer:     DATASEA INC. (—)
CIK:        0001631282
Form:       8-K
Filed at:   2023-06-13T23:59:59+00:00
Accession:  0001213900-23-048587
Event type: other_material
Sentiment:  negative
Materiality: 0.90
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Datasea receives Nasdaq delisting notice for failing MVLS requirement; plans appeal
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- On December 9, 2022, Nasdaq notified Datasea that its MVLS was below $35M for 30 consecutive business days.
- Company was given 180 days (until June 7, 2023) to regain compliance; it failed to do so.
- On June 8, 2023, Nasdaq sent a delisting notice; trading will be suspended at open on June 20, 2023 unless appeal is filed.
- Datasea intends to request an appeal of the delisting determination.
- If no appeal, a Form 25-NSE will be filed removing the securities from Nasdaq listing and registration.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1631282/000121390023048587/0001213900-23-048587-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1631282/000121390023048587/ea180282-8k_datasea.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-048587

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