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. reports developments tied to its spatial-temporal intelligent big data services, interactive location-based services and high-definition maps in China. The company describes applications for smart transportation, vehicle-road collaboration, natural resource asset management, remote sensing data services, digital-twin systems and LBS-based smart industry uses.
Recent company updates have centered on exchange-listing status and reporting-compliance matters, including periodic filing requirements, minimum bid price rules, stockholders’ equity standards, delisting notices and an ordinary-share combination. News also documents public-company reporting obligations and capital-structure actions affecting LKCO ordinary shares.
Luokung Technology Corp. (NASDAQ: LKCO) announced a strategic cooperation agreement with the China National Geospatial Information Center (CNGIC) on July 9, 2020. The collaboration aims to enhance geospatial information services by leveraging spatial-temporal big data technology. Luokung is acquiring Saleya Holdings Limited, responsible for implementing the agreement. This partnership is expected to advance the Company's digital twin platform and promote applications in smart city projects, e-government, and smart agriculture.
Luokung Technology Corp. (NASDAQ: LKCO) has partnered with BYD Auto to deliver location-based information and marketing services, enhancing user experience for BYD car users. The collaboration leverages BYD's DiLink intelligent connected system, which integrates AI and big data to provide tailored mobile services. Luokung will develop and operate these services using its advanced mapping technology. This partnership aims to improve location-based interactions for users, offering personalized content for various travel scenarios.
Luokung Technology Corp. (NASDAQ: LKCO) announced a preferred share subscription agreement with Daci Haojin Foundation Limited, issuing 15 million preferred shares at $3.00 per share, totaling $45 million in financing. The first payment of $13.5 million is expected on July 31, 2020, followed by two more installments. The preferred shares will convert to ordinary shares at a 1:1 ratio after 12 months, providing a fixed annual dividend of 8%.