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    SEC Form 6-K filed by LOBO EV TECHNOLOGIES LTD.

    5/16/25 5:05:09 PM ET
    $LOBO
    Motor Vehicles
    Consumer Discretionary
    Get the next $LOBO alert in real time by email
    6-K 1 form6-k.htm 6-K

     

     

     

    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 2025

     

    Commission File Number: 001-41981

     

    LOBO EV TECHNOLOGIES LTD.

    (Exact name of registrant as specified in its charter)

     

    Gemini Mansion B 901, i Park, No. 18-17 Zhenze Rd

    Xinwu District, Wuxi, Jiangsu

    People’s Republic of China, 214111

     

    (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 ☐

     

     

     

     

     

     

    Information contained in this Current Report on Form 6-K

     

    LOBO EV TECHNOLOGIES LTD (the “Company”) received a notice dated May 13, 2025, from the Listings Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that the minimum bid price per share of its ordinary shares was below $1.00 for a period of 33 consecutive business days and that the Company did not meet the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Rule”). The Nasdaq notification letter does not result in the immediate delisting of the Company’s ordinary shares, and the shares will continue to trade uninterrupted under the symbol “LOBO.”

     

    Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has a compliance period of one hundred eighty (180) calendar days, or until November 10, 2025 (the “Compliance Period”), to regain compliance with Nasdaq’s minimum bid price requirement. If at any time during the Compliance Period, the closing bid price per share of the Company’s ordinary shares is at least $1.00 for a minimum of ten (10) consecutive business days, Nasdaq will provide the Company a written confirmation of compliance and the matter will be closed.

     

    In the event the Company does not regain compliance by November 10, 2025, the Company may be eligible for an additional 180 calendar day grace period. To qualify, the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for the Nasdaq Capital Market, with the exception of the bid price requirement, and will need to provide written notice of its intention to cure the deficiency during the second compliance period, including by effecting a reverse stock split, if necessary.

     

    On May 16, 2025, the Company issued a press release announcing the receipt of the Nasdaq notification letter. A copy of the press release dated May 16, 2025 is included as Exhibit 99.1 to this report.

     

    Exhibit Index

     

    Exhibit

    No.

      Description
    99.1   Press Release dated May 16, 2025

     

     

     

     

    SIGNATURE

     

    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 16, 2025    
         
      LOBO EV TECHNOLOGIES LTD.
         
      By: /s/ Huajian Xu
      Name: Huajian Xu
      Title: Chief Executive Officer

     

     

     

     

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