Current Report Filing (8-k)
December 05 2019 - 6:11AM
Edgar (US Regulatory)
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):
November
29, 2019
Commission
File Number 001-38308
Greenpro
Capital Corp.
(Exact
name of registrant issuer as specified in its charter)
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Nevada
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98-1146821
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(State
or other jurisdiction
of incorporation or organization)
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(I.R.S.
Employer
Identification No.)
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Room
1701-1703, 17/F.,
The
Metropolis Tower,
10
Metropolis Drive, Hung Hom,
Hong
Kong
(Address
of principal executive offices, including zip code)
Registrant’s
phone number, including area code (852) 3111 -7718
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):
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[ ]
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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[ ]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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[ ]
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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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[ ]
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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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Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR
§230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging
growth company [X]
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. [ ]
Securities
registered pursuant to Section 12(b) of the Act:
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Title
of Each Class
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Trading
Symbol(s)
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Name
of Each Exchange on Which Registered
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Common
Stock, $0.0001 par value
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GRNQ
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NASDAQ
Capital Market
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Item
3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
Greenpro
Capital Corp. (the “Company”) received a letter dated November 29, 2019 from the Listing Qualifications Department
of the NASDAQ Stock Market LLC (“NASDAQ”), which stated that, based upon the closing bid price for the last 30 consecutive
business days, the Company no longer meets the requirement set forth in NASDAQ Rule 5450(a)(1), which requires listed securities
to maintain a minimum bid price of $1 per share (the “Minimum Bid Price Rule”). In accordance with NASDAQ Rule 5810(c)(3)(A),
the Company has been provided with a period of 180 calendar days, or until May 27, 2020, to regain compliance with the Minimum
Bid Price Rule. The Company may regain compliance with the Minimum Bid Price Rule if the bid price of its common stock closes
at $1.00 per share or more for a minimum of 10 consecutive business days at any time prior to May 27, 2020.
The
Company will consider available options to regain compliance with the Minimum Bid Price Rule by May 27, 2020.
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, thereunto duly authorized.
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GREENPRO
CAPITAL CORP.
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(Name
of Registrant)
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Date:
December 5, 2019
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By:
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/s/
Lee Chong Kuang
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Title:
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Chief
Executive Officer,
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President,
Director
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(Principal
Executive Officer)
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Date:
December 5, 2019
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By:
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/s/
Loke Che Chan, Gilbert
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Title:
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Chief
Financial Officer, Secretary,
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Treasurer,
Director
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(Principal
Financial Officer and
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Principal
Accounting Officer)
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