Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
24 September 2024 - 7:00AM
Edgar (US Regulatory)
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 2024
Commission
File Number: 001-40024
MicroAlgo
Inc.
(Registrant’s
Name)
Unit
507, Building C, Taoyuan Street,
Long
Jing High and New Technology Jingu Pioneer Park,
Nanshan
District, Shenzhen, People’s Republic of China
(Address
of principal executive offices) (Zip Code)
Indicate
by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form
20-F ☒ Form 40-F ☐
MicroAlgo
Inc.
Announces
Receipt of Minimum Bid Price Notice from Nasdaq
MicroAlgo
Inc. (NASDAQ: MLGO) (“MicroAlgo” or the “Company”) has received written notification from the staff of the Listing
Qualifications Department of the Nasdaq Stock Market LLC (“Nasdaq”) dated September 23, 2024, indicating that for the last
31 consecutive business days, the closing bid price for the Company’s security was below the minimum bid price of US$1.00 per share
requirement set forth in Nasdaq Listing Rule 5550(a)(2). The Nasdaq notification letter has no current effect on the listing or trading
of the Company’s securities on the Nasdaq Capital Market.
Pursuant
to the Nasdaq Listing Rules 5810(c)(3)(A), the Company is provided with a compliance period of 180 calendar days, or until March 24,
2025, to regain compliance under the Listing Rules. If at any time during the 180-day compliance period, the closing bid price of the
Company’s security is at least US$1 for a minimum of ten consecutive business days, the Nasdaq will provide the Company written
confirmation of compliance and the matter will be closed.
In
the event the Company does not regain compliance by March 24, 2025, subject to the determination by the staff of Nasdaq, the Company
may be eligible for an additional 180-day compliance period.
The
Nasdaq notification letter will have no effect on the Company’s business operations, and the Company will take all reasonable measures
to regain compliance.
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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MicroAlgo Inc. |
|
|
|
By: |
/s/
Min Shu |
|
Name: |
Min Shu |
|
Title: |
Chief Executive Officer |
Date:
September 23, 2024
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