WiMi Hologram Cloud Inc. 6-K Report: NASDAQ Compliance Issues Resolved
Key Information Extracted from the Financial Report (6-K)
- Company Information:
- Name: WiMi Hologram Cloud Inc.
- Commission File Number: 001-39257
- Address: Room#1508, 4th Building, Zhubang 2000 Business Center No. 97, Balizhuang Xili, Chaoyang District, Beijing, The People's Republic of China, 100020
- Telephone: +86-10-5338-4913
- Report Details:
- Type: Report of Foreign Private Issuer
- Filing Date: January 13, 2025
- Period Covered: For the month of January 2025
- Regulatory Notification:
- NASDAQ Compliance Issue:
- On November 20, 2024, NASDAQ notified the company that its American Depositary Share (ADS) did not meet the minimum bid price requirement of $1.00 for 30 consecutive business days.
- On January 8, 2025, NASDAQ confirmed that the company's ADS had regained compliance with the minimum bid price requirement, with the closing bid price at or above $1.00 for the last 11 consecutive business days (from December 20, 2024, to January 7, 2025).
- The compliance issue is now resolved.
- Signature:
- Signed by: Shuo Shi
- Title: Chief Executive and Operations Officer
- Date of Signature: January 13, 2025
Insights:
- The company has successfully addressed a critical compliance issue with NASDAQ, which could positively impact its stock performance and investor confidence.
- The report indicates a proactive approach to regulatory compliance, which is essential for maintaining market standing and avoiding delisting risks.
- Monitoring future compliance with NASDAQ listing rules will be crucial for the company's financial health and market perception.
