[6-K] Endeavour Silver Corp. Current Report (Foreign Issuer)

Rhea-AI Filing Summary

DigiAsia Corp. (Nasdaq: FAAS) has received a Delisting Determination Letter from Nasdaq on 1 July 2025 after failing to comply with two listing requirements.

• Rule 5550(a)(2): the share price remained below the US$1.00 minimum bid for the entire 180-day grace period that ended 15 June 2025.
• Rule 5250(c)(1): the Company has not filed its Form 20-F for the year ended 31 December 2024.

Because DigiAsia is ineligible for a second grace period and remains delinquent in its SEC filings, Nasdaq plans to suspend trading at the market open on 10 July 2025 and submit a Form 25-NSE to remove the shares from listing and registration.

The Company has until 4:00 p.m. ET on 8 July 2025 to request a hearing before a Nasdaq Hearings Panel. A timely request would automatically stay the suspension while the panel reviews the matter. DigiAsia states that it intends to request such a hearing and will seek a suspension of the delisting pending a return to compliance.

No financial results or operational updates were provided in this Form 6-K. Exhibit 99.1 contains the related press release dated 8 July 2025.

Positive

• Company plans to request a Nasdaq hearing, which automatically stays suspension while the panel reviews the case.

Negative

• Nasdaq has determined to delist DigiAsia for failing the US$1 minimum bid price rule.
• Non-compliance with Rule 5250(c)(1) due to late Form 20-F filing raises disclosure concerns.
• Trading suspension could begin on 10 July 2025, materially reducing share liquidity.
• Company is ineligible for a second 180-day grace period to remedy bid-price deficiency.

Insights

Securities Analyst

TL;DR: Nasdaq delisting notice threatens FAAS liquidity; appeal offers only temporary lifeline.

The delisting determination is materially negative: it stems from both pricing and reporting failures, signalling structural issues. Loss of Nasdaq quotation would sharply reduce trading liquidity, widen bid–ask spreads and limit institutional ownership. Management’s plan to appeal merely delays, rather than resolves, compliance gaps, and no capital or reverse-split plan is disclosed. Investors should prepare for a possible transition to OTC markets, with heightened volatility and valuation pressure.

Corporate Governance Expert

TL;DR: Dual compliance breaches highlight governance weaknesses and disclosure lapses.

Failure to file the 2024 Form 20-F breaches fundamental disclosure obligations, raising questions about internal controls and board oversight. Combined with sustained sub-US$1 pricing, the situation suggests deeper operational or financial challenges. The forthcoming hearing process provides transparency, but a successful outcome typically requires a credible compliance roadmap, which the filing does not supply. Governance risk is therefore elevated.

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of July 2025

Commission File Number: 001-33153

Endeavour Silver Corp.
(Translation of registrant's name into English)

#1130-609 Granville Street
Vancouver, British Columbia, Canada V7Y 1G5
(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [   ]      Form 40-F [ X ]

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, thereunto duly authorized.

		Endeavour Silver Corp.
		(Registrant)
Date: July 8, 2025		/s/ DAN DICKSON
		Dan Dickson
		CEO

EXHIBIT INDEX

Exhibit Number		Description
99.1		Press Release dated July 8, 2025

FAQ

What caused Nasdaq to issue a delisting notice to DigiAsia (FAAS)?

Nasdaq cited DigiAsia’s sub-US$1.00 share price under Rule 5550(a)(2) and the late Form 20-F filing under Rule 5250(c)(1).

When will trading in FAAS shares be suspended if no appeal is filed?

Nasdaq plans to suspend trading at the market open on 10 July 2025 unless DigiAsia appeals by 8 July 2025.

What deadline does DigiAsia face to appeal the delisting decision?

The Company must request a hearing with the Nasdaq Hearings Panel by 4:00 p.m. ET on 8 July 2025 to stay the suspension.

Which Nasdaq listing rules did DigiAsia violate?

Rule 5550(a)(2) (Minimum Bid Price) and Rule 5250(c)(1) (timely filing of periodic reports).

What action does DigiAsia intend to take following the delisting notice?

The Company states it will request a hearing and seek a suspension of delisting while it works to regain compliance.