UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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 May 2024
Commission File Number 001-34738
Luokung Technology Corp.
(Translation of registrant’s name into English)
B9-8, Block B, SOHO Phase II, No. 9, Guanghua Road,
Chaoyang District,
Beijing People’s Republic of China 100020
(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 ☐
Attached hereto and incorporated herein is the
Registrant’s press release issued on May 8, 2024, titled “Luokung Granted Extension to Meet Nasdaq Minimum Bid Price Requirement”.
Financial Statements and Exhibits
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.
Date: May 8, 2024
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Luokung Technology Corp. |
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By: |
/s/ Xuesong Song |
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Name: |
Xuesong Song |
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Title: |
Chief Executive Officer |
2
Exhibit 99.1
Luokung Granted Extension to Meet Nasdaq Minimum
Bid Price Requirement
BEIJING, May 08, 2024 (GLOBE NEWSWIRE) -- Luokung
Technology Corp. (NASDAQ: LKCO) (“Luokung” or the “Company”), a leading spatial-temporal intelligent big data
services company and provider of interactive location-based services (“LBS”) and high-definition maps (“HD Maps”)
in China, today announced that on May 2, 2024, the Company received an additional 180 calendar day extension (“Second Compliance
Grace Period”) from Nasdaq’s Listing Qualifications Department to meet Nasdaq’s continuing listing requirements by maintaining
a minimum bid price per share of $1.00 for a minimum of 10 consecutive trading days. The Company now has until October 28, 2024 to regain
compliance.
Nasdaq’s extension notice has no immediate effect
on the continued listing status of the Company’s ordinary shares on Nasdaq. If at any time before October 28, 2024 , the bid price of
the Company’s ordinary shares closes at or above $1.00 per share for a minimum of 10 consecutive trading days, the Company will
regain compliance with the Nasdaq Listing Rules, and the matter will be closed.
The Company was first notified by Nasdaq of its
failure to maintain a minimum bid price of $1.00 per share for 30 consecutive trading days under Nasdaq Listing Rules 5550(a)(2) and 5810(c)(3)(A)
on November 3, 2023, and was given until May 1, 2024 to regain compliance.
If the Company does not meet the minimum bid requirement
during the additional 180-day extension, Nasdaq will provide written notification to the Company that its ordinary shares will be subject
to delisting. In addition, the Second Compliance Grace Period related exclusively to the bid price deficiency. The Company may be delisted
during such period for failure to maintain compliance with any other listing requirements for which occurs during this period. At such
time, the Company may appeal the delisting determination to a Nasdaq Hearings Panel (the “Panel”). The Company would remain
listed pending the Panel’s decision. There can be no assurance that if the Company does appeal a subsequent delisting determination, and
that such appeal would be successful.
About
Luokung Technology Corp.
Luokung Technology Corp.
is a leading spatial-temporal intelligent big data services company, as well as a leading provider of LBS and HD Maps for various industries
in China. Backed by its proprietary technologies and expertise in HD Maps and multi-sourced intelligent spatial-temporal big data, Luokung
has established city-level and industry-level holographic spatial-temporal digital twin systems and actively serves industries including
smart transportation (autonomous driving, smart highway and vehicle-road collaboration), natural resource asset management (carbon neutral
and environmental protection remote sensing data service), and LBS smart industry applications (mobile Internet LBS, smart travel, smart
logistics, new infrastructure, smart cities, emergency rescue, among others). The Company routinely provides important updates on its
website: https://www.luokung.com.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
STATEMENTS
This press release contains
certain forward-looking statements. Forward-looking statements include, but are not limited to, statements regarding our or our management’s
expectations, hopes, beliefs, intentions or strategies regarding the future and other statements that are other than statements of historical
fact. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including
any underlying assumptions, are forward-looking statements. The words “anticipate”, “believe”, “continue”,
“could”, “estimate”, “expect”, “intend”, “may”, “might”, “plan”,
“probable”, “potential”, “should”, “would” and similar expressions may identify forward-looking
statements, but the absence of these words does not mean that a statement is not forward-looking.
The forward-looking statements
in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without
limitation, management’s examination and analysis of the existing law, rules and regulations and other data available from third
parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant
uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you the statement
herein will be accurate. As a result, you are cautioned not to rely on any forward-looking statements.
CONTACT:
The Company:
Mr. Jian
Zhang
Chief Financial
Officer
Tel: +86-10-6506-5217
Email: ir@luokung.com
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