China Pharma Holdings Inc. filed SEC Form 8-K: Other Events
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Item 8.01. Other Events.
On March 27, 2024, China Pharma Holdings, Inc. (the “Company”) received a notification from the NYSE American (the “Exchange”) stating that the Company is back in compliance with the NYSE American continued listing standards. Specifically, the Company has resolved the continued listing deficiency with respect to low selling price set forth in Section 1003(f)(v) of the NYSE American Company Guide referenced in the letter from the Exchange dated September 27, 2023, following a 1-for-5 reverse stock split on March 6, 2024.
The below compliance (“.BC”) indicator will no longer be disseminated and the Company will be removed from the list of NYSE American noncompliant issuers on the website. However, the Company is cautioned by the Exchange that there is no cure period in the event of the following noncompliance and the NYSE American can commence delisting proceedings and immediately suspend trading in the event that the Company’s common stock trades at levels viewed to be abnormally low and no longer suitable for listing pursuant to Section 1003(f)(v) of the NYSE American Company Guide.
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 hereunto duly authorized.
Dated: March 29, 2024
| CHINA PHARMA HOLDINGS, INC. | |||
| By: | /s/ Zhilin Li | ||
| Name: | Zhilin Li | ||
| Title: | President and Chief Executive Officer | ||