Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
24 December 2024 - 8:02AM
Edgar (US Regulatory)
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of December 2024
Commission File Number: 001-39137
Fresh2 Group Limited
880 3RD AVE FL 7
NEW YORK, NY 10022-4730
United States
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒
Form 40-F ☐
EXPLANATORY NOTE
On December 20, 2024, Fresh2 Group Limited (the Company) received notification
from The Nasdaq Stock Market (Nasdaq) stating that the Company’s securities will be delisted from the Nasdaq Capital Market effective
at the open of the market on December 24, 2024. The delisting of the Company’s securities is a result of the Company’s failure
to regain compliance with the the Periodic Filing Rule for continued listing, pursuant to Nasdaq’s Listing Rule 5250(c)(1).
The Company received a Staff Determination Letter from the Nasdaq on
October 16, 2024, indicating that the Company did not comply with Nasdaq’s filing requirements as set forth in Listing Rule 5250(c)(1).
On October 23, 2024, the Company requested a hearing before a Nasdaq Hearings Panel to appeal the delisting determination. The hearing
was held on December 16, 2024. In the Hearing, the company presented company overview and compliance plan to request an exception through
April 14, 2025, to file the Delayed Reports. The Nasdaq Hearings Panel (“Panel”) has determined to deny the request. As a
result, trading in the Company’s securities at Nasdaq will be suspended at the open of trading on December 24, 2024.
The Company expects its securities to trade on the Pink Market.
The Company is committed to filing the delayed reports to demonstrate
full compliance with its filing requirements. It has been allocating all necessary and appropriate resources to complete the audit and
submit the delayed reports. Once compliance is restored, the Company intends to apply for an uplisting.
SIGNATURE
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.
Dated: December 23, 2024 |
Fresh2 Group Limited |
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By: |
/s/ Haohan Xu |
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Name: |
Haohan Xu |
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Title: |
Chief Executive Officer |
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