secwatch.observer — SEC 8-K summary
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Issuer:     DATASEA INC. (—)
CIK:        0001631282
Form:       8-K
Filed at:   2023-08-11T23:59:59+00:00
Accession:  0001213900-23-066247
Event type: regulatory
Sentiment:  negative
Materiality: 0.70
Item codes: 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Datasea receives Nasdaq deficiency notice for minimum bid price non-compliance
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- Received notice on Aug 7, 2023 for failing to maintain $1.00 minimum bid price over 30 consecutive business days.
- Has 180 days, until Feb 5, 2024, to regain compliance by closing at $1.00+ for 10 consecutive business days.
- If not cured, may be eligible for an additional 180-day period subject to other listing standards and potential reverse stock split.
- Company intends to monitor and evaluate options, but no assurance of regaining compliance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1631282/000121390023066247/0001213900-23-066247-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1631282/000121390023066247/ea183088-8k_datasea.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-066247

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