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 September 2023
Commission File Number: 001- 39258
BTC DIGITAL LTD.
(Translation of registrant’s name into English)
3rd Floor, Tower A
Tagen Knowledge & Innovation Center
2nd Shenyun West Road, Nanshan District
Shenzhen, Guangdong Province 518000
People’s Republic of China
(Address of principal executive offices)
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 ☐
Receipt of Nasdaq Notification Regarding Compliance
with Nasdaq Minimum Bid Price Requirement
As previously disclosed, BTC
Digital Ltd., an exempted company with limited liability formed in the Cayman Islands (the “Company”), received a deficiency
letter from the Listing Qualifications Department (the “Staff”) of the Nasdaq Stock Market LLC (“Nasdaq”) on September
16, 2022, indicating that the Company was not in compliance with Nasdaq Rule 5550(a)(2) (the “Bid Price Rule”), as the closing
bid price for the Company’s ordinary shares had been below $1.00 per share for the preceding 30 consecutive business days. In accordance
with the Nasdaq Listing Rules, the Company was provided two 180-day compliance periods, or until September 11, 2023, to regain compliance
with the Bid Price Rule.
On September 8, 2023, the
Company received a written notification from the Staff of Nasdaq, noting that the Company evidenced a closing bid price of its ordinary
shares at or greater than the $1.00 per share minimum requirement for the preceding 10 consecutive business days, from August 24, 2023
through September 7, 2023, and informing the Company that it has regained compliance with the Bid Price Rule and the matter is closed.
On September 12, 2023, the Company
issued a press release announcing the compliance with Nasdaq minimum bid price requirement. A copy of the press release is filed as Exhibit
99.1 to this current report on Form 6-K.
Exhibit Index
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.
Dated: September 12, 2023
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BTC Digital Ltd. |
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By: |
/s/ Siguang Peng |
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Name: |
Siguang Peng |
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Title: |
Chief Executive Officer |
2
Exhibit 99.1
BTC Digital Ltd. Regains Compliance with Nasdaq Minimum Bid Price Requirement
SHENZHEN, China, September 11, 2023 /PRNewswire/
-- BTC Digital Ltd. (" BTC Digital" or the "Company") (NASDAQ: METX), a blockchain technology company, today announced
that it received a letter from the Listing Qualifications Department of the Nasdaq Stock Market LLC ("Nasdaq") on September
8, 2023, notifying the Company that it has regained compliance with the Nasdaq's minimum bid price requirement and the matter is closed.
As previously disclosed, the Company
received a deficiency letter from the Listing Qualifications Department (the “Staff”) of the Nasdaq Stock Market LLC (“Nasdaq”)
on September 16, 2022, indicating that the Company was not in compliance with Nasdaq Rule 5550(a)(2) (the “Bid Price Rule”),
as the closing bid price for the Company’s ordinary shares had been below $1.00 per share for the preceding 30 consecutive business
days. In accordance with the Nasdaq Listing Rules, the Company was provided two 180-day compliance periods, or until September 11, 2023,
to regain compliance with the Bid Price Rule.
On September 8, 2023, the Company
received a written notification from the Staff of Nasdaq, noting that the Company evidenced a closing bid price of its ordinary shares
at or greater than the $1.00 per share minimum requirement for the preceding 10 consecutive business days, from August 24, 2023 through
September 7, 2023, and informing the Company that it has regained compliance with the Bid Price Rule and the matter is closed.
About BTC Digital Ltd.
BTC Digital Ltd. is a blockchain technology
company, with a long-term strategy to create value across the metaverse, blockchain and cryptocurrency mining industry. The Company is
committed to developing blockchain related businesses in North America, including cryptocurrency mining, mining farm construction, and
mining pool and data center operation.
For more information, please visit:
https://meten.investorroom.com
Safe Harbor Statement
This news release contains forward-looking
statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities
Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will", "expects",
"anticipates", "future", "intends", "plans", "believes", "estimates", "target",
"going forward", "outlook" and similar statements. Such statements are based upon management's current expectations
and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors,
all of which are difficult to predict and many of which are beyond the Company's control, which may cause the Company's actual results,
performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and
other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. The Company
does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise,
except as required under law.
For investor and media inquiries,
please contact:
IR@meten.com
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