Current Report Filing (8-k)
26 Septiembre 2022 - 3:30PM
Edgar (US Regulatory)
0000943184
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CN
0000943184
2022-09-26
2022-09-26
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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): September
26, 2022
EVER-GLORY INTERNATIONAL GROUP, INC.
(Exact name of registrant as specified in charter)
| Florida |
|
000-28806 |
|
65-0420166 |
|
(State or other jurisdiction of
incorporation) |
|
(Commission File No.) |
|
(IRS Employer Identification
No.) |
Ever-Glory Commercial Center,
509 Chengxin Road, Jiangning Development Zone,
Nanjing, Jiangsu Province,
Peoples Republic of China
(Address of Principal Executive Offices) (Zip code)
(8625) 5209-6889
(Registrant’s Telephone number including area
code)
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 pursuant to Section 12(b) of
the Act:
| Title of each class |
|
Trading Symbol(s) |
|
Name of each exchange on which registered |
| Common Stock, par value $0.001 |
|
EVK |
|
NASDAQ Global Market |
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.
On September
22, 2022, Ever-Glory International Group, Inc. (the “Company”) received a notification letter (the “MVPHS
Deficiency Notice”) from the Listing Qualifications Staff of the Nasdaq Stock Market LLC (“Nasdaq”) notifying the
Company that the minimum market value of its publicly held shares has been below $5,000,000 for a period of 31 consecutive business days
and the Company therefore no longer meets the minimum market value of its publicly held shares requirement set forth in Nasdaq Listing
Rule 5450(b)(1)(C) (the “MVPHS Requirement”).
The MVPHS
Deficiency Notice received has no immediate effect on the listing of the Company’s common stock on Nasdaq.
Pursuant
to Nasdaq Listing Rule 5810(c)(3)(D), the Company has 180 calendars days, expiring March 21, 2023, to regain compliance with the MVPHS
Requirement. If the Company maintains a MVPHS at or greater than $5,000,000 for a minimum of ten consecutive business days, it will regain
compliance. If the Company does not regain compliance within 180 calendar days, it will receive a written notification from Nasdaq that
its securities are subject to delisting, and may have the opportunity to transfer its listing to The Nasdaq Capital Market (“Capital
Market”) if it meets the Capital Market’s continued listing requirements and pays the applicable fee.
The Company,
by filing this Form 8-K, discloses its receipt of the MVPHS Deficiency Notice from Nasdaq in accordance with Nasdaq Listing Rule 5810(b).
[signature page to follow]
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.
| |
EVER-GLORY INTERNATIONAL GROUP, INC. |
| |
|
|
| Date: September 26, 2022 |
By: |
/s/ Edward Yihua Kang |
| |
Edward Yihua Kang |
| |
Chief Executive Officer |
Ever Glory (NASDAQ:EVK)
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