Form 8-K - Current report
21 Agosto 2024 - 4:15PM
Edgar (US Regulatory)
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0001643988
0001643988
2024-08-15
2024-08-15
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of
the
Securities Exchange Act of 1934
Date
of report (Date of earliest event reported): August 15, 2024
Loop
Media, Inc.
(Exact
Name of Registrant as Specified in Charter)
Nevada |
|
001-41508 |
|
47-3975872 |
(State
or Other Jurisdiction |
|
(Commission |
|
(IRS
Employer |
of
Incorporation) |
|
File
Number) |
|
Identification
No.) |
2600
West Olive Avenue, Suite 54470
Burbank, CA |
|
91505 |
(Address
of Principal Executive Offices) |
|
(Zip
Code) |
Registrant’s
telephone number, including area code: (213) 436-2100
N/A
(Former
Name or Former Address, if Changed Since Last Report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions (see General Instruction A.2. below):
☐ |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
☐ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered or to be registered pursuant to Section 12(b) of the Act:
Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
Common
stock, $0.0001 par value per share |
|
LPTV |
|
The
NYSE American, LLC |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
As
previously reported, on August 8, 2024, Loop Media, Inc., a Nevada corporation (the “Company”), received notice from NYSE
Regulation of the NYSE American LLC (“NYSE American”) that it had suspended trading of the Company’s common stock,
and determined to commence proceedings to delist the Company’s common stock from the NYSE American as a result of its determination
that the Company is no longer suitable for listing pursuant to Section 1003(f)(v) of the NYSE American Company Guide due to the low selling
price of the Company’s common stock. The Company had a right to a review of NYSE American’s delisting determination; however,
it has notified the NYSE American of its decision not to pursue such an appeal.
On
August 15, 2024, the NYSE American filed with the SEC a Notification of Removal from Listing and/or Registration under Section
12(b) of the Exchange Act of 1934, as amended (the “Exchange Act”), on Form 25 in order to delist the Company’s common
stock from the NYSE American and deregister the Company’s common stock under Section 12(b) of the Exchange Act. The Company anticipates
that the delisting will be effective ten (10) days after the filing of the Form 25 and the deregistration of the Company’s common
stock under the Exchange Act will be effective ninety (90) days, or such shorter period as the SEC may determine, after the filing date
of the Form 25.
The
Company’s common stock began trading under its trading symbol “LPTV” on the OTC Pink Market operated on the OTC Markets
system on August 9, 2024, however, there can be no assurances that its common stock will continue to be traded on such market.
Forward-Looking
Statements
This
report contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended, including, but not limited to, statements that are based upon management’s
current expectations, assumptions, estimates, projections and beliefs. The use of words such as, but not limited to, “anticipate,”
“believe,” “continue,” “could,” “estimate,” “expect,” “intend,”
“may,” “might,” “plan,” “potential,” “predict,” “project,” “should,”
“target,” “will,” or “would” and similar words or expressions are intended to identify forward-looking
statements. Such forward-looking statements include, but are not limited to, statements regarding the eligibility of the Company’s
common stock for quotation on the OTC Pink Market. These statements involve risks, uncertainties and other factors that may cause actual
results or achievements to be materially different and adverse from those expressed in or implied by the forward-looking statements.
Such risks and uncertainties include the risks and uncertainties, as well as the other factors, described in more detail in the Company’s
most recent Annual Report on Form 10-K and its subsequent filings with the SEC. The forward-looking statements contained herein speak
only as of the date hereof, and the Company assumes no obligation to update any forward-looking statements, whether as a result of new
information, subsequent events or otherwise, except as required by law.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, hereunto duly authorized.
Date:
August 21, 2024 |
LOOP
MEDIA, INC. |
|
|
|
By: |
/s/
Justis Kao |
|
|
Justis
Kao, Chief Executive Officer |
v3.24.2.u1
Cover
|
Aug. 15, 2024 |
Cover [Abstract] |
|
Document Type |
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|
Amendment Flag |
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|
Document Period End Date |
Aug. 15, 2024
|
Entity File Number |
001-41508
|
Entity Registrant Name |
Loop
Media, Inc.
|
Entity Central Index Key |
0001643988
|
Entity Tax Identification Number |
47-3975872
|
Entity Incorporation, State or Country Code |
NV
|
Entity Address, Address Line One |
2600
West Olive Avenue
|
Entity Address, Address Line Two |
Suite 54470
|
Entity Address, City or Town |
Burbank
|
Entity Address, State or Province |
CA
|
Entity Address, Postal Zip Code |
91505
|
City Area Code |
(213)
|
Local Phone Number |
436-2100
|
Written Communications |
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|
Soliciting Material |
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|
Pre-commencement Tender Offer |
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|
Pre-commencement Issuer Tender Offer |
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|
Title of 12(b) Security |
Common
stock, $0.0001 par value per share
|
Trading Symbol |
LPTV
|
Security Exchange Name |
NYSEAMER
|
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Loop Media (AMEX:LPTV)
Gráfica de Acción Histórica
De Ago 2024 a Sep 2024
Loop Media (AMEX:LPTV)
Gráfica de Acción Histórica
De Sep 2023 a Sep 2024