false
0001650101
0001650101
2025-10-07
2025-10-07
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): October 7, 2025
Addentax
Group Corp.
(Exact
name of registrant as specified in its charter)
| Nevada |
|
001-41478 |
|
35-2521028 |
(State
or other jurisdiction
of
incorporation) |
|
(Commission
File
Number) |
|
(IRS
Employer
Identification
No.) |
Kingkey
100, Block A, Room 4805,
Luohu
District, Shenzhen City, China |
|
518000 |
| (Address
of principal executive offices) |
|
(Zip
Code) |
Registrant’s
telephone number, including area code +(86) 755 86961 405
(Former
name or former address, if changed since last report.)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions (see General Instructions A.2. below):
| ☐ |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| |
|
| ☐ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| |
|
| ☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| |
|
| ☐ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
| Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
| Common
Stock |
|
ATXG |
|
Nasdaq
Capital Market |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☒
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item
3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
As
previously disclosed, Addentax Group Corp. (the “Company” or “our”) received a notice dated April 9, 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 common stock, par value $0.001 per share (the “Common Stock”), was below
$1.00 for a period of 30 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”). Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), Nasdaq granted the
Company 180 days, or until October 6, 2025, to regain compliance with the Minimum Bid Price Rule. In order to regain compliance, the
closing bid price of the Common Stock must be at least $1 per share for a minimum of 10 consecutive business days during this 180-day
period.
Although
the Company’s closing bid price had been above the minimum requirement for ten consecutive trading days prior to October 6, 2025,
the Nasdaq determined that the Company had not regained compliance with the Minimum Bid Price Rule as of that date.
However,
the Staff determined that the Company was eligible for an additional 180-day period, or until April 6, 2026, to regain compliance. The
Staff’s determination was based on (i) our meeting the continued listing requirement for market value of our publicly held shares
and all other applicable requirements for initial listing on the Nasdaq Capital Market, with the exception of the Minimum Bid Price Rule,
and (ii) our providing written notice to Nasdaq of our intent to cure the deficiency during this second compliance period, if necessary
by effecting a reverse stock split. If at any time during this second 180-day period the closing bid price of the Company’s Common
Stock is at least $1 per share for at least a minimum of 10 consecutive business days, the Staff have stated that they will provide written
confirmation of compliance. If compliance cannot be demonstrated by April 6, 2026, the Staff will provide written notification that the
Company’s securities will be delisted. At that time, the Company may appeal the Staff’s determination to a hearings panel.
The
Company is diligently working to regain compliance with the Minimum Bid Price Rule. There can be no assurance, however, of the Company’s
ability to maintain compliance with the Minimum Bid Price Rule once compliance therewith is regained or maintain compliance with any
other Nasdaq listing requirements.
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.
| |
Addentax
Group Corp. |
| |
|
|
| Date:
October 7, 2025 |
By: |
/s/
Hong Zhida |
| |
|
Hong
Zhida |
| |
|
Chief
Executive Officer |
