Current Report Filing (8-k)
April 12 2017 - 4:06PM
Edgar (US Regulatory)
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE
SECURITIES AND EXCHANGE ACT OF 1934
Date of report (date of earliest event
reported):
April 12, 2017 (April 6, 2017)
YULONG ECO-MATERIALS LIMITED
(Exact name of registrant as specified
in its charter)
Cayman Island
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001-37459
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N/A
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(State or Other Jurisdiction of Incorporation)
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(Commission File Number)
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(IRS Employer Identification No.)
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Eastern End of Xiwuzhuang Village
Jiaodian Town, Xinhua Area
Pingdingshan, HenanProvince
People’s Republic of China 467091
(Address of principal executive offices
and zip code)
+86-375-8888988
(Registrant’s telephone number,
including area code)
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 obligations of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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ITEM 3.01 NOTICE OF DELISTING OR
FAILURE TO SATISFY A CONTINUED LISTING RULE OR STANDARD; TRANSFER OR LISTING.
On April 6, 2017,
Yulong Eco-Materials Limited (the “Company”) received a notification letter from the Listing Qualifications Department
of The NASDAQ Stock Market LLC (“NASDAQ”) indicating that the Company is not in compliance with NASDAQ Listing Rule
5550(a)(2) (the “Rule”) because the closing bid price of the Company’s common stock on The Nasdaq Capital Market
has been below $1.00 per share for 30 consecutive business days. The Nasdaq notification has no immediate effect on the listing
or trading of the Company’s common stock, which will continue to trade on The Nasdaq Capital Market under the symbol “YECO”.
The Company has
180 calendar days, or until October 3, 2017, to regain compliance. If, at any time before that date, the closing bid price of the
Company’s common stock is at least $1.00 per share or more for a minimum of 10 consecutive business days, NASDAQ will notify
the Company that it has achieved compliance with the Rule.
If the Company does
not regain compliance by October 3, 2017, the Company may be eligible for a second compliance period of 180 calendar days. To qualify,
the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial
listing standards for The Nasdaq Capital Market, with the exception of the bid price requirement, and will need to provide NASDAQ
written notice of its intention to cure the deficiency during the second compliance period.
If it appears to
the NASDAQ staff that the Company will not be able to cure the deficiency, or if the Company does not cure the deficiency following
the additional time, NASDAQ will notify the Company that its common stock will be subject to delisting. At that time, the Company
may appeal the Staff’s delisting determination to a Hearings Panel. If the Company timely appeals, it would remain listed
pending the Hearing Panel’s decision.
The Company intends
to monitor the closing bid price of its common stock and may consider implementing available options to regain compliance with
the Rule. This information is being provided to comply with NASDAQ Listing Rules requiring public announcement of the Company’s
receipt of the notification letter from NASDAQ.
SIGNATURE
Pursuant to the requirements of the
Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto
duly authorized.
Dated: April 12, 2017
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YULONG ECO-MATERIALS LIMITED
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By:
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/s/ Yulong Zhu
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Name:
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Yulong Zhu
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Its:
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Chief Executive Officer
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