Welcome to our dedicated page for Luokung Technology news (Ticker: LKCO), a resource for investors and traders seeking the latest updates and insights on Luokung Technology stock.
Luokung Technology Corp (LKCO) provides cutting-edge spatial-temporal intelligent services powering smart city infrastructure and high-precision mapping solutions. This page serves as the definitive source for verified news and official announcements related to LKCO's technological advancements and strategic initiatives.
Access real-time updates on the company's developments in location-based services (LBS), digital twin implementations, and partnerships across transportation, urban planning, and environmental sectors. Investors and industry professionals will find curated coverage of earnings reports, product launches, and operational milestones that demonstrate LKCO's role in shaping spatial data ecosystems.
Key news categories include innovations in autonomous driving infrastructure, smart highway systems, environmental monitoring solutions, and government collaborations. All content is rigorously verified to ensure accuracy and relevance for stakeholders tracking the convergence of big data and physical infrastructure.
Bookmark this page for streamlined access to LKCO's evolving position in spatial analytics. Check back regularly for authoritative updates on how the company's holographic mapping technologies are redefining industry standards across multiple sectors.
Luokung Technology Corp. (NASDAQ: LKCO) announced it has received confirmation from the OFAC regarding trading restrictions on its securities, which will take effect on May 8, 2021. The OFAC stated divestments are permitted until March 9, 2022. Luokung was designated as a 'Communist Chinese military company' by the DoD on March 9, 2021, amid prior inaccuracies in its name. Nasdaq has withdrawn its delisting notice, allowing trading to continue while Luokung pursues legal action against its CCMC designation.
Luokung Technology Corp. (NASDAQ: LKCO) has announced a Motion for Temporary Restraining Order (TRO) against the U.S. government. The motion challenges the Department of Defense's designation of Luokung as a Communist Chinese military company (CCMC) under Executive Order 13959. The company argues that this designation is unlawful and requests the court to prevent enforcement of the restrictions associated with it, which are set to take effect on March 15, 2021. Luokung believes it qualifies for exceptions under General License 1A, extending restrictions to May 27, 2021.
Luokung Technology Corp. (NASDAQ: LKCO) announced on March 5, 2021, that Nasdaq will suspend trading of its shares from March 15, 2021, due to its inclusion on the U.S. Department of Defense's Communist Chinese Military Companies list. The company is appealing this decision to the Nasdaq Hearings Panel. Concurrently, Luokung filed a case in the U.S. Federal District Court challenging its designation as a CCMC and plans to seek a Temporary Restraining Order to block enforcement of related restrictions. Luokung asserts it qualifies for relief under a recent General License from the U.S. Treasury.
Luokung Technology Corp. (NASDAQ: LKCO) filed a lawsuit against the U.S. government challenging its designation as a "Communist Chinese Military Company" (CCMC) under Executive Order 13959. The company, along with two U.S. shareholders, claims this designation is unlawful, arbitrary, and capricious. Luokung is seeking a court declaration to invalidate its CCMC status, which restricts U.S. transactions in its securities starting March 15, 2021. The company argues it qualifies under General License 1A, asserting that its legal name does not match the DoD's list precisely.
Luokung Technology Corp. (NASDAQ: LKCO) announced it is seeking clarification on the trading deadline for U.S. persons regarding its securities, which may be either March 15, 2021, or May 27, 2021. This uncertainty follows the company's listing by the U.S. Department of Defense as a "Communist Chinese Military Company" (CCMC) under Executive Order 13959. Luokung confirms compliance with relevant laws and asserts it is not affiliated with the military. The company is exploring options to remove itself from the CCMC list and aims to protect shareholder interests.
Luokung Technology Corp. (NASDAQ: LKCO) announced on February 22, 2021, the closing of a registered direct offering. This involves 48,076,923 ordinary shares and warrants for 19,230,768 shares, priced at $2.08 each, yielding approximately $100 million in gross proceeds. The warrants, with an exercise price of $2.38, expire in three years. The funds will be utilized for working capital and general corporate purposes. FT Global Capital served as the exclusive placement agent. The offering was priced in accordance with Nasdaq regulations.
Luokung Technology Corp. (NASDAQ: LKCO) announced a registered direct offering of $100 million for ordinary shares at $2.08 per share, totaling 48,076,923 shares. Additionally, the offering includes warrants for 19,230,768 shares at an exercise price of $2.38, valid for three years. Proceeds will support working capital and general corporate purposes, with the offering expected to close around February 19, 2021. FT Global Capital, Inc. is serving as the exclusive placement agent for this transaction.
Luokung Technology Corp. (LKCO) announced the closing of a $15 million registered direct offering with institutional investors. The company issued 16,891,892 ordinary shares at $0.888 per share, along with warrants for purchasing up to 8,445,946 shares at an exercise price of $1.11 for three years. FT Global Capital acted as the exclusive placement agent. This offering aims to enhance liquidity and support the company’s growth in spatial-temporal big-data processing.
Luokung Technology Corp. (NASDAQ: LKCO) announced a registered direct offering of approximately $15.0 million in ordinary shares priced at $0.888 per share. A total of 16,891,892 shares will be issued, along with warrants for 8,445,946 shares at an exercise price of $1.11, valid for three years. The funds will be allocated for working capital and general corporate purposes. The offering is set to close around February 16, 2021.
Luokung Technology Corp. (NASDAQ: LKCO) has completed a registered direct offering raising $5.0 million by issuing 9,615,387 ordinary shares at $0.52 per share. Investors also received warrants for 4,807,694 shares at an exercise price of $0.68, valid for three years. FT Global Capital, Inc. served as the exclusive placement agent for this transaction. The funding aims to support the company's growth in spatial-temporal big data processing and interactive location-based services.
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