Extracted from this filing and checked against the source text.
Listing & Compliance Notices
SEC 8-K Item 3.01
confidence 0.95
SHINECO, INC. received a nasdaq extension granted notice regarding minimum bid price.
- Exchange
- nasdaq
- Notice
- extension granted
- Deficiency
- minimum bid price
Exact text from the filing
September 19, 2023, the Company received notice from Nasdaq indicating that, while the Company has not regained compliance with the minimum bid price requirement, staff of Nasdaq has determined that the Company is eligible for an additional 180-day period, or until March 18, 2024, to regain compliance. Staff’s determination was based on (i) the Company meeting the continued listing requirement for market value of our publicly held shares and all other applicable requirements for initial listing on the Capital Market, with the exception of the bid price requirement, and (ii) the Company’s writt
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M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
SHINECO, INC. completed an acquisition involving Dream Partner Limited, Chongqing Wintus Group, and certain shareholders of Dream Partner for $2,000,000 cash, 10,000,000 shares of Common Stock, and 100% of the Company's equity interest in Beijing Tenet-Jove Technological Development Co., Ltd. (closed 2023-09-19).
- Action
- acquisition
- Counterparty
- Dream Partner Limited, Chongqing Wintus Group, and certain shareholders of Dream Partner
- Consideration
- $2,000,000 cash, 10,000,000 shares of Common Stock, and 100% of the Company's equity interest in Beijing Tenet-Jove Technological Development Co., Ltd.
- Closing
- 2023-09-19
Exact text from the filing
together with Dream Partner and Wintus as the “Selling Parties”). As the consideration for the Acquisition, the Company (a) paid the Sellers an aggregate cash consideration of $2,000,000 (the “Cash Consideration”); (b) issued certain shareholders, as listed in the Agreement, an aggregate of 10,000,000 shares of the Company’s restricted Common Stock (the “Shares”);
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