ATIF Holdings Ltd (ZBAI): Nasdaq/NYSE listing notice — ATIF Holdings regains Nasdaq equity compliance via private placements, salary conversion

ATIF Holdings Ltd

Previously reported stockholders' equity of $1,539,353 fell short of Nasdaq's $2.5M minimum.
Two private placements raised gross proceeds of ~$2.34M combined at $1.23/share.
Deferred salary conversion issued 384,478 shares to CEO Jun Liu for $349,875 in unpaid salary.
Pro forma equity as of April 30, 2024 totals $2,683,042.
Nasdaq granted extension until May 20, 2024 to file evidence; compliance regained but monitored.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.82

ATIF Holdings Ltd received a nasdaq compliance regained notice regarding late filing (rules 5550(b)(1), 789.76, 002.38).

Exchange: nasdaq
Notice: compliance regained
Deficiency: late filing
Rules: 5550(b)(1), 789.76, 002.38

Exact text from the filing

July 31, 2023 (“2023 10-K”), did not satisfy the continued listing requirement under Nasdaq Listing Rule 5550(b)(1) for the Nasdaq Capital Market, which requires that a listed company’s stockholders’ equity be at least $2,500,000. In its 2023 10-K, the Company reported stockholders’ equity of $1,539,353, and, as a result, did not satisfy Nasdaq Marketplace Rule 5550(b)(1). As previously reported in a Current Report on Form 8-K April 16, 2024 the Company entered into a Securities Purchase Agreement (the “Purchase Agreement”) with a non- U.S investor named in the Purchase Agreement (the “Purchas

View on SEC.gov

93 listing & compliance notices filed in the last 30 days. Browse all listing & compliance notices →

ATIF Holdings Ltd filing history →

Source: SEC EDGAR

accession 0001213900-24-044589

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.