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2025-06-27
2025-06-27
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or Section 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported):
June 27, 2025
LAKESIDE HOLDING LIMITED
(Exact name of registrant as specified in its charter)
| Nevada |
|
001-42140 |
|
82-1978491 |
(State or other jurisdiction
of incorporation) |
|
(Commission File Number) |
|
(IRS Employer
Identification No.) |
1475 Thorndale Avenue,Suite
A
Itasca, Illinois 60143
(Address of Principal
Executive Offices and Zip Code)
(224)446-9048
(Registrant’s
telephone number, including area code)
Not Applicable
(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
Instruction 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 Securities
Act:
| Title of each class |
|
Trading Symbol(s) |
|
Name
of each exchange on which registered |
| Common stock, par value US$0.0001 per share |
|
LSH |
|
The Nasdaq Stock Market LLC |
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 8.01 Other Events
On June 27, 2025, Lakeside Holding Limited (the
“Company”) issued an aggregate of 3,000,000 shares of common stock for proceeds of approximately $3 million pursuant to a
securities purchase agreement (the “Securities Purchase Agreement”) it entered into with certain investors on June 24, 2025
as previously disclosed. As a result of the transaction, there is an increase in the Company’s stockholders’ equity of approximately
$3 million and the Company believes that it currently satisfies the Stockholders’ Equity Requirement for continued listing on the
Nasdaq Capital Market as illustrated below.
As previously reported, on February 21, 2025,
the Company received a deficiency letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”)
indicating that the Company was not in compliance with Nasdaq's Listing Rule 5550(b)(1) because its shareholders’ equity was below
the minimum shareholders’ equity requirement of $2,500,000 (the “Shareholders' Equity Requirement”). On May 14, 2025,
the Company received a subsequent letter from Nasdaq notifying it that Nasdaq reviewed the Company’s compliance plan submitted
on April 7, 2025, as well as supplemental information submitted on April 25, 2025, and Nasdaq decided to grant the Company an extension
until June 30, 2025 to regain compliance with the Stockholders’ Equity Requirement.
The Company understands Nasdaq will continue
to monitor its ongoing compliance with Nasdaq’s Listing Rules. If the Company does not demonstrate compliance at the time of its
next periodic report, the Company may be subject to further actions including delisting.
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 hereunto duly authorized.
Dated: July 1, 2025
| |
Lakeside Holding Limited |
| |
|
|
| |
By: |
/s/ Long Yi |
| |
|
Long Yi |
| |
|
Chief Financial Officer |
