Moxian, Inc. files Appeal on Delisting
May 01 2019 - 06:00PM
Moxian Inc (“Moxian” or the “Company”) (MOXC), an offline-to-online
(O2O) social media services and Internet media marketing services
provider, and an exclusive agent of Xinhua News APP, today
announced that it has requested an oral hearing to appeal the
decision of the Listing Qualifications Staff of The Nasdaq Stock
Market LLC (''Nasdaq'') to delist the Company's securities from
Nasdaq. Accordingly, the delisting action referenced in the Nasdaq
Staff's determination letter dated April 23, 2019 has been stayed,
pending a final written decision by the Nasdaq Hearings Panel (the
''Panel''). The hearing has been scheduled for June 6, 2019.
At the hearing, the Company must demonstrate its
ability to regain compliance with the particular deficiency cited
by Staff, as well as its ability to sustain long-term compliance
with all applicable maintenance criteria.
About Moxian, Inc.
Founded in 2013, Moxian is located in Shenzhen,
China, with branches in Beijing, Malaysia and Hong Kong, it is an
O2O integrated platform operator, and a service provider of social
media and Internet media marketing. The company’s “Moxian” mobile
app platform connects users to merchant clients through their
favorite games, rewards and social events, in return, to providing
users with valuable information that merchant clients can use for
effectively promoting products and services offered by their
physical stores.
Safe Harbor Statement
This announcement contains forward-looking
statements as defined in Section 21E of the Securities Exchange Act
of 1934 as amended. These forward-looking statements are based on
the Safe Harbor provisions of the Private Securities Litigation
Reform Act of 1995 and may be governed by terms such as “will,”
“expect,” “anticipate,” “future,” “intend,” “plan,” Believe,
“estimate”, “potential”, “continue”, “in progress”, “goal”,
“guidance expectations” and similar statements are identified. The
company may also include in its periodic reports to the US
Securities and Exchange Commission (“SEC”), annual reports to
shareholders, press releases and other written materials, as well
as oral statements from third parties to the company’s management,
directors or employees. Oral forward-looking statements. Any
statements that are not historical facts, including statements
about the company’s philosophy and expectations, are
forward-looking statements that involve factors, risks, and
uncertainties that could cause actual results to differ materially
from those in the forward-looking statements. These factors and
risks include, but are not limited to, the following: company’s
goals and strategies; future business development; financial status
and operating results; expected growth of China’s credit industry,
especially the expected growth of China’s online lending platform;
market-oriented and credit products and The demand and acceptance
of services; and the ability of credit to attract and retain
borrowers and lenders in the market; the relationship between the
company and strategic partners; industry competition; and policies
and regulations related to the company’s structure, business and
industry. More detailed information about these and other risks and
uncertainties is included in the company’s filings with the
Securities and Exchange Commission. All information provided in the
company’s introduction is the latest information as of the date of
publication of the company. Except as provided by applicable law,
the company is not obligated to update such information.
Contacts:
Investor Relations
Phone: +86 (010) 5332 0602
Email: ir@moxian.com
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