Luokung Technology (LKCO) Nasdaq Delisting Notice Filed

Rhea-AI Filing Summary

Luokung Technology Corp. (LKCO) has filed Form 25 with the SEC, indicating that its ordinary shares will be removed from listing and registration on the Nasdaq Stock Market LLC. Nasdaq, as the listing exchange, submitted the notice under Section 12(b) of the Exchange Act and Rule 12d2-2. The filing, signed by a Nasdaq hearings advisor on 21 July 2025, certifies that the exchange has satisfied all procedural requirements to delist the security. The company’s ordinary shares will therefore cease to trade on Nasdaq after the rule-mandated waiting period (generally 10 days for delisting and 90 days for deregistration) unless the SEC issues contrary instructions.

The notice does not provide financial metrics, but the delisting is a material corporate event because it:

• Eliminates access to a major U.S. exchange, typically reducing trading liquidity and visibility.
• May move the shares to an over-the-counter (OTC) venue, often accompanied by wider bid-ask spreads and higher volatility.
• Could trigger technical defaults in certain institutional mandates that prohibit holding unlisted securities.

No information is given on appeal rights or alternative listing plans. Investors should monitor LKCO for subsequent 8-K disclosures and determine the post-Nasdaq trading venue.

Positive

• None.

Negative

• Loss of Nasdaq listing likely diminishes liquidity, increases volatility, and may compel forced selling by institutions bound by exchange-listing requirements.

Insights

Equity Market Structure Analyst

TL;DR: Nasdaq filed Form 25 to delist LKCO, materially lowering liquidity and institutional eligibility.

Delisting from Nasdaq removes LKCO from a regulated, highly visible marketplace, which historically reduces average daily volume and increases price volatility. The move may force index funds and mandate-constrained institutions to exit positions, exerting downward pressure. Unless LKCO secures another national exchange or demonstrates compelling fundamentals, its cost of capital could rise and analyst coverage decline. Impact: negative and immediately actionable.

UNITED STATES

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SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 25

NOTIFICATION OF REMOVAL FROM LISTING AND/OR REGISTRATION
UNDER SECTION 12(b) OF THE SECURITIES EXCHANGE ACT OF 1934.

Commission File Number

001-34738

Issuer:	Luokung Technology Corp.
Exchange:	Nasdaq Stock Market LLC

(Exact name of Issuer as specified in its charter, and name of Exchange where security is listed and/or registered)

Address:	B9-8, Block B, SOHO Phase II, No. 9
	Guanghua Road, Chaoyang District Beijing
	Beijing	CHINA	100020
Telephone number:					(86) 29-88266368

(Address, including zip code, and telephone number, including area code, of Issuer's principal executive offices)

Ordinary Shares

(Description of class of securities)

Please place an X in the box to designate the rule provision relied upon to strike the class of securities from listing and registration:

17 CFR 240.12d2-2(a)(1)

17 CFR 240.12d2-2(a)(2)

17 CFR 240.12d2-2(a)(3)

17 CFR 240.12d2-2(a)(4)

Pursuant to 17 CFR 240.12d2-2(b), the Exchange has complied with its rules to strike the class of securities from listing and/or withdraw registration on the Exchange. ¹

Pursuant to 17 CFR 240.12d2-2(c), the Issuer has complied with its rules of the Exchange and the requirements of 17 CFR 240.12d-2(c) governing the voluntary withdrawal of the class of securities from listing and registration on the Exchange.

Pursuant to the requirements fo the Securities Exchange Act of 1934, Nasdaq Stock Market LLC certifies that it has reasonable grounds to believe that it meets all of the requirements for filing the Form 25 and has caused this notification to be signed on its behalf by the undersigned duly authorized person.

2025-07-21	By	Aravind Menon		Hearings Advisor
Date		Name		Title

¹ Form 25 and attached Notice will be considered compliance with the provisions of 17 CFR 240.19d-1 as applicable. See General Instructions.

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

Why is Luokung Technology (LKCO) being delisted from Nasdaq?

Nasdaq filed Form 25 stating it met all rule requirements to strike LKCO ordinary shares from listing and registration.

When will LKCO shares stop trading on Nasdaq?

Under SEC rules, delisting becomes effective 10 days after Form 25 filing unless the SEC objects.

Will LKCO shares continue to trade elsewhere after delisting?

The filing does not specify; typically, securities migrate to OTC venues after exchange delisting.

Does the Form 25 include any financial data or earnings information?

No. Form 25 only addresses the procedural removal of the security from listing and registration.

What should LKCO investors monitor next?

Watch for an 8-K or press release detailing post-delisting trading arrangements or potential appeals.