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) is described in its public disclosures as a spatial-temporal intelligent big data services company and a provider of interactive location-based services (LBS) and high-definition maps (HD Maps) for various industries in China. The LKCO news feed on Stock Titan aggregates company announcements and market communications that shed light on its business focus, regulatory status, and corporate actions.
Investors and observers following LKCO-related news will find updates on Nasdaq listing compliance matters, including notices about minimum bid price requirements, periodic filing obligations, and stockholders’ equity thresholds. Luokung has reported receiving multiple letters from Nasdaq, extensions to regain compliance, and, later, a staff delisting determination, as well as its intention to appeal that determination.
Beyond listing status, Luokung’s news has included disclosures about share combinations affecting its ordinary shares, such as 30-to-1 and 8-to-1 share combinations, along with explanations of how these actions impact the number of issued and outstanding shares and the treatment of fractional shares. The company has also announced a strategic investment agreement with CHINA ORIENT SMART ECOTECH INVESTMENT GROUP LIMITED, detailing planned tranches of investment and related share issuance terms.
Because Luokung positions itself around spatial-temporal data, HD Maps, and LBS applications for smart transportation, natural resource asset management, and smart city-related use cases in China, its news often references these themes when describing its business and partnerships. Readers can use the LKCO news page as a centralized place to review historical company press releases and regulatory-related announcements connected to the former Nasdaq-listed symbol LKCO.
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%.