TC Bancshares Inc. filed SEC Form 8-K: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing, Regulation FD Disclosure, Financial Statements and Exhibits
UNITED STATES
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Item 3.01 |
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
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On July 12, 2024, TC Bancshares, Inc. (the "Company") notified the Nasdaq Stock Market, LLC ("Nasdaq") of its intent to voluntarily delist and to withdraw the registration of its common stock with the Securities and Exchange Commission (the “SEC”). The Company intends to file a Form 25 (Notification of Removal from Listing) with the SEC on or about July 22, 2024, and expects the last trading date for its common stock on Nasdaq will be on or about August 1, 2024. Following delisting from Nasdaq, the Company expects its common stock will be quoted on the OTCQX Best Market beginning on or about August 2, 2024, under the same ticker symbol, “TCBC”. The Company does not anticipate that this transition will cause a disruption in the trading of its shares. In conjunction with the Company’s delisting of its common stock from Nasdaq, it intends to file a Form 15 (Certification and Notice of Termination from Registration) with the SEC on or about August 1, 2024, to suspend its obligations to file periodic reports under the Exchange Act. The Company expects that its obligation to file periodic and current reports, including Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, will be suspended upon filing of the Form 15.
Item 7.01 |
Regulation FD Disclosure.
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On July 12, 2024, the Company issued a press release regarding the matters disclosed in Item 3.01 above. A copy of the press release is furnished as an exhibit hereto and is incorporated into this Item 7.01 by reference.
Item 9.01 |
Financial Statements and Exhibits. |
Exhibits
Exhibit No. |
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Description of Exhibit |
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99.1 |
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104 |
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Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document |
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.
Date: July 12, 2024 |
TC BANCSHARES, INC. |
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By: |
/s/ Scott C. McLean |
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Scott C. McLean |
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Chief Financial Officer |