secwatch.observer — SEC 8-K summary
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Issuer:     NOCERA, INC. (NCRA)
CIK:        0001756180
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0001683168-23-005259
Event type: regulatory
Sentiment:  negative
Materiality: 0.70
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Nocera receives Nasdaq notice for audit committee composition non-compliance following director resignation
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- Audit Committee reduced to two members after resignation of independent director Yih-Yu 'Grace' Lei from board and committees.
- Nasdaq Listing Rule 5605 requires at least three independent directors on audit committee.
- Company has until January 23, 2024 to appoint an independent director and regain compliance.
- If compliance not achieved by deadline, Nasdaq may initiate delisting; company can appeal.
- No immediate effect on listing of common stock (NCRA) on Nasdaq Capital Market.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1756180/000168316823005259/0001683168-23-005259-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1756180/000168316823005259/nocera_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-005259

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