secwatch.observer — SEC 8-K summary
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Issuer:     MGO Global Inc. (—)
CIK:        0001902794
Form:       8-K
Filed at:   2024-04-09T23:59:59+00:00
Accession:  0001493152-24-014068
Event type: regulatory
Sentiment:  negative
Materiality: 0.70
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

MGO Global receives Nasdaq delisting notice for equity shortfall; submits plan due May 20
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- Nasdaq notified MGO Global on April 5, 2024 of non-compliance with Listing Rule 5550(b)(1) requiring minimum $2.5M stockholders' equity.
- Company reported stockholders' equity of $921,747 in Dec 31, 2023 Form 10-K, far below the $2.5M threshold.
- MGO has 45 days (until May 20, 2024) to submit a compliance plan; if accepted, Nasdaq may grant up to 180-day extension.
- If plan not accepted, MGO can appeal to a Nasdaq Hearings Panel; common stock continues trading under MGOL during process.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1902794/000149315224014068/0001493152-24-014068-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1902794/000149315224014068/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-014068

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