Londian Wason IPO closing delayed, NYSE halts ADS

Rhea-AI Filing Summary

Londian Wason New Energy Tech Inc. (FOIL) reports that the New York Stock Exchange has imposed a trading halt on its American depositary shares after the company informed the exchange of a delayed closing of its proposed initial public offering of 4,285,714 ADSs representing 21,428,570 ordinary shares. The registration statements became effective on August 11, 2026 and the ADSs began trading on a when-issued basis on August 12, 2026, but the offering has not closed. Londian states the delay arises from unresolved complaints and related regulatory implications regarding a pre-offering restructuring, including transactions and compliance matters involving its controlling shareholders. The company states these complaints do not relate to its business operations or financial condition and that it is actively addressing them with the aim of completing the offering as soon as practicable.

Positive

• None.

Negative

• NYSE trading halt and delayed IPO closing for the 4,285,714 ADS offering due to unresolved complaints and related regulatory implications concerning a pre-offering restructuring and controlling shareholders, extending the closing beyond the originally anticipated date on or about August 17, 2026.

Key Figures

ADSs in proposed offering: 4,285,714 ADSs Ordinary shares represented: 21,428,570 ordinary shares Effective date of registration statements: August 11, 2026 +2 more

5 metrics

ADSs in proposed offering 4,285,714 ADSs Initial public offering size as described for Londian’s ADSs

Ordinary shares represented 21,428,570 ordinary shares Ordinary shares represented by the 4,285,714 ADSs

Effective date of registration statements August 11, 2026 Date Londian’s Form F-1 registration statements became effective

Start of when-issued trading August 12, 2026 Date ADSs began trading on NYSE on a when-issued basis

Originally anticipated closing date On or about August 17, 2026 Targeted closing date for the proposed offering before delays

Key Terms

trading halt, American depositary shares, when-issued basis, forward-looking statements, +1 more

5 terms

trading halt market

"announces that the New York Stock Exchange has imposed a halt in trading"

A trading halt is a temporary pause on buying and selling a particular stock imposed by an exchange or regulator, like pressing the pause button on a game so everyone can catch up. It is used to give the market time to absorb important new information or to prevent chaotic price swings, and matters to investors because it freezes the ability to trade, delays price discovery, and can change risk and strategy until normal trading resumes.

American depositary shares financial

"has imposed a halt in trading of the Company’s American depositary shares"

American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.

when-issued basis market

"the ADSs began trading on the NYSE on August 12, 2026 on a when-issued basis"

forward-looking statements regulatory

"This document contains statements that may constitute “forward-looking” statements"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

safe harbor regulatory

"pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation"

Safe harbor is a rule that protects companies or individuals from legal trouble if they follow certain guidelines or procedures. It’s like having a safety net that allows them to act without fear of punishment, as long as they stick to the rules. This helps encourage honest behavior and clear standards in financial and legal activities.

FAQ

Why were Londian Wason (FOIL) ADSs halted from trading on the NYSE?

Trading in Londian Wason’s ADSs was halted by the NYSE after the company disclosed a delayed closing of its proposed ADS offering. The delay is linked to unresolved complaints and related regulatory implications concerning a pre-offering restructuring involving its controlling shareholders.

What is the size of Londian Wason’s proposed ADS offering (FOIL)?

Londian Wason has a proposed offering of 4,285,714 ADSs, representing 21,428,570 ordinary shares. The registration statements became effective on August 11, 2026, and the ADSs began when-issued trading on August 12, 2026, pending closing.

Has Londian Wason (FOIL) completed the closing of its proposed offering?

No, the closing of Londian Wason’s proposed ADS offering had not taken place as of the report date. The company indicates that resolving complaints and regulatory implications will delay closing beyond the originally anticipated date on or about August 17, 2026.

Do the complaints affecting Londian Wason’s (FOIL) IPO relate to its operations or financial condition?

Londian Wason states the complaints do not relate to its business operations or financial condition. Instead, they concern its pre-offering restructuring, including transactions and legal and regulatory compliance matters involving its controlling shareholders.

What issues are causing the regulatory delay for Londian Wason (FOIL)?

The delay stems from unresolved complaints and related regulatory implications tied to a restructuring completed before the offering, including transactions involving Londian Wason’s controlling shareholders and their legal and regulatory compliance, which the company is actively addressing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 6-K: How Foreign Companies Report to the SEC →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 08/19/2026 - 03:55 PM Accepted by SEC EDGAR 08/17/2026 - 10:12 AM Learn about SEC filing dates

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 August 2026

Commission File Number: 001-43429

LONDIAN WASON NEW ENERGY TECH INC.

T1-7A, 1 Shenzhen Bay Plaza

No. 2233 South Keyuan Road

Nanshan District, Shenzhen

People’s Republic of China, 518054

(Address of principal executive offices)

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 ☐

Trading Halt

Londian Wason New Energy Tech Inc. (NYSE: FOIL) (the “Company” or “Londian”) hereby announces that the New York Stock Exchange (“NYSE”) has imposed a halt in trading of the Company’s American depositary shares (“ADSs”) following the Company’s disclosure of the delayed closing of the proposed Offering to the NYSE.

The Company previously filed registration statements on Form F-1 for its initial public offering of 4,285,714 ADSs representing 21,428,570 ordinary shares (the “Offering”), which became effective on August 11, 2026. Subsequently, the Company priced the proposed Offering and the ADSs began trading on the NYSE on August 12, 2026 on a when-issued basis, subject to the delivery of the ADSs by the Company at the closing of the proposed Offering. The Closing of the proposed Offering has not taken place as of the date hereof.

The delayed closing was because the Company has not yet resolved certain complaints and related regulatory implications concerning its restructuring undertaken prior to the proposed Offering, including matters relating to transactions involving its controlling shareholders and the legal and regulatory compliance of its controlling shareholders. Resolving these matters with the relevant parties will delay the closing of the proposed Offering beyond the originally anticipated closing date on or about August 17, 2026.

These complaints do not relate to the Company’s business operations or financial condition. The Company is actively addressing them with a view to completing the proposed Offering as soon as practicable.

Safe Harbor Statement

This document contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “targets,” “likely to,” “challenges,” and similar statements. Londian may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials, and in oral statements made by its officers, directors, or employees to third parties. Statements that are not historical facts, including statements regarding its proposed Offering, the expected use of proceeds, Londian’s beliefs, plans, expectations, objectives, goals, strategies, future business development, financial condition, results of operations, and the status, outcome, or impact of any legal proceedings or regulatory inquiries, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: risks and uncertainties related to the completion, timing, size, and use of proceeds of its proposed Offering; Londian’s strategies, future business development, and financial condition and results of operations; Londian’s limited operating history; risks associated with electrolytic copper foil; Londian’s ability to develop, manufacture, and deliver products of high quality and appeal to customers; Londian’s ability to generate positive cash flow and profits; product defects; Londian’s ability to compete successfully; Londian’s ability to build its brand and withstand negative publicity; cancellation of orders for Londian’s products; Londian’s ability to develop new products; changes in consumer demand and government incentives, subsidies, or other favorable government policies; and the risks, uncertainties, and possible adverse effects arising from legal proceedings, claims, investigations, or regulatory inquiries involving Londian. Further information regarding these and other risks is included in Londian’s filings with the SEC. All information provided in this press release is as of the date of this press release, and Londian does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact ir@londianwason.com

SIGNATURE

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.

LONDIAN WASON NEW ENERGY TECH INC.
By:		/s/ Guanran Wang
		Name:		Mr. Guanran Wang
		Title:		Director, Chairman and Co-Chief Executive Officer

Date: August 17, 2026