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    Greenpro Capital Corp. filed SEC Form 8-K: Other Events

    12/6/24 6:15:22 AM ET
    $GRNQ
    EDP Services
    Technology
    Get the next $GRNQ alert in real time by email
    false 0001597846 0001597846 2024-12-06 2024-12-06 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

     

     

     

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    Washington, D.C. 20549

     

    FORM 8-K

     

    CURRENT REPORT

    Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

     

    Date of Report (Date of earliest event reported):

    December 6, 2024 (December 5, 2024)

     

    GREENPRO CAPITAL CORP.

    (Exact name of registrant as specified in its charter)

     

    Nevada   001-38308   98-1146821
    (State or other jurisdiction
    of incorporation)
      Commission
    File Number
      (IRS Employer
    Identification No.)

     

    B-23A-02, G-Vestor Tower,

    Pavilion Embassy, 200 Jalan Ampang,

    50450 W.P. Kuala Lumpur, Malaysia

    (Address of principal executive offices) (Zip Code)

     

    Registrant’s telephone number, including area code: (60) 3 8408-1788

     

     

     

    Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:

     

    ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
    ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12)
    ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))
    ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c))

     

    Securities registered pursuant to Section 12(b) of the Act:

     

    Title of each class   Trading Symbol(s)   Name of each exchange on which registered
    Common Stock, par value $0.0001   GRNQ   NASDAQ Capital Market

     

    Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

     

    Emerging growth company ☐

     

    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

     

     

     

     
     

     

    Section 8 - Other Events

     

    Item 8.01 Other Events.

     

    On September 16, 2024, Greenpro Capital, Corp. (the “Company”) received notice from The NASDAQ Stock Market (“Nasdaq”) that, because the closing bid price for the Company’s common stock had fallen below $1.00 per share for 30 consecutive business days, the Company no longer complied with the minimum bid price requirement for continued listing on the Nasdaq Capital Market pursuant to the Nasdaq Listing Rule 5550(a)(2). However, the Nasdaq Listing Rules also provide the Company a compliance period of 180 calendar days (i.e. by March 17, 2025) in which to regain compliance.

     

    On December 5, 2024, the Company received notification from the Nasdaq that it had determined that for the last 10 consecutive business days from November 20, 2024 to December 4, 2024, the closing bid price of the Company’s common stock had been at $1.00 per share or greater and accordingly, the Company has regained compliance with the Nasdaq Listing Rule 5550(a)(2) and this matter is now closed.

     

     
     

     

    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.

     

      GREENPRO CAPITAL CORP.
      (Name of Registrant)
       
    Date: December 6, 2024 By: /s/ Lee Chong Kuang
      Name: Lee Chong Kuang
      Title: Chief Executive Officer,
    President, Director
    (Principal Executive Officer)

     

     

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