U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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 May 2026
Commission File Number: 001-34409
RECON TECHNOLOGY, LTD
Room 601, No. 1 Shui’an South Street
Chaoyang District
Beijing, 100012
People's Republic of China
(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.
Indicate by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulation S-T Rule 101(b)(1): ¨
Indicate by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulation S-T Rule 101(b)(7): ¨
Explanatory Note
On May 4, 2026, the Registrant received a letter
from the Listings Qualifications Department of The Nasdaq Capital Market (“Nasdaq”) notifying the Registrant that the minimum
closing bid price per share for its Class A Ordinary Shares was below $1.00 for a period of 30 consecutive business days and that the
Registrant did not meet the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2). This report is filed pursuant to
Nasdaq Listing Rule 5810(b). The Nasdaq notification letter does not result in the immediate delisting of the Registrant’s Class
A Ordinary Shares, and the shares will continue to trade uninterrupted under the symbol “RCON.”
Pursuant to Nasdaq Listing Rule 5810(c)(3)(A),
the Registrant has a compliance period of one hundred eighty (180) calendar days, or until November 2, 2026 (the “Compliance Period”),
to regain compliance with Nasdaq’s minimum bid price requirement. If at any time during the Compliance Period, the closing bid price
per share of the Registrant's Ordinary Shares is at least $1.00 for a minimum of ten (10) consecutive business days, Nasdaq will provide
the Registrant a written confirmation of compliance and the matter will be closed.
In the event the Registrant does not regain compliance
by November 2, 2026, the Registrant may be eligible for an additional 180 calendar day grace period. To qualify, the Registrant will be
required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for
Nasdaq, with the exception of the bid price requirement, and will need to provide written notice of its intention to cure the deficiency
during the second compliance period, including by effecting a reverse stock split, if necessary. If the Registrant chooses to implement
a reverse stock split, it must complete the split no later than ten (10) business days prior to the expiration of the second compliance
period.
On May 6, 2026, the Registrant issued a press
release entitled “RCON Receives NASDAQ Notification Regarding Minimum Bid Requirements.” A copy of the please release is filed
as Exhibit 99.1 to this Current Report on Form 6-K and is incorporated herein by reference.
Exhibits
| Exhibit 99.1 |
Press release dated May 6, 2026, entitled “Recon Receives NASDAQ Notification Regarding Minimum Bid Requirements.” |
Pursuant
to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf
by the undersigned thereunto duly authorized.
| |
RECON TECHNOLOGY, LTD |
| |
|
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/s/ Shenping Yin |
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Shenping Yin |
| |
Chief Executive Officer |
| |
(Principal Executive Officer) |
Dated: May 6, 2026
Exhibit 99.1
Recon Receives NASDAQ Notification Regarding
Minimum Bid Requirements
BEIJING, China, May 6, 2026 – Recon
Technology, Ltd (NASDAQ: RCON) ("Recon" or the "Company") today announced that on May 4, 2026, it received a letter
from The Nasdaq Stock Market LLC ("Nasdaq"), notifying the Company that it is currently not in compliance with the minimum bid
price requirement set forth under Nasdaq Listing Rule 5550(a)(2). It resulted from the fact that the closing bid price of the Company's
ordinary shares was below $1.00 per share for a period of 30 consecutive business days. This press release is issued pursuant to Nasdaq
Listing Rule 5810(b), which requires prompt disclosure of receipt of a deficiency notification. The notification has no immediate effect
on the listing of the Company's ordinary shares, which will continue to trade uninterrupted on Nasdaq under the ticker “RCON”.
Pursuant to Nasdaq Listing Rule 5810(c)(3)(A),
the Company has a compliance period of 180 calendar days, or until November 2, 2026 (the “Compliance Period”), to regain compliance
with Nasdaq’s minimum bid price requirement. If at any time during the Compliance Period, the closing bid price per share of the
Company's ordinary shares is at least $1.00 for a minimum of 10 consecutive business days, Nasdaq will provide the Company a written confirmation
of compliance and the matter will be closed.
In the event the Company does not regain compliance
with the minimum bid price requirement by November 2, 2026, the Company may be eligible for an additional 180 calendar day grace period.
About Recon Technology, Ltd (“RCON”)
Recon Technology, Ltd (NASDAQ: RCON) is the People’s Republic
of China's first NASDAQ-listed non-state owned oil and gas field service company. Recon supplies China's largest oil exploration companies,
Sinopec (NYSE: SNP) and The China National Petroleum Corporation (“CNPC”), with advanced automated technologies, efficient
gathering and transportation equipment and reservoir stimulation measure for increasing petroleum extraction levels, reducing impurities
and lowering production costs. Through the years, RCON has taken leading positions within several segmented markets of the oil and gas
filed service industry. RCON also has developed stable long-term cooperation relationship with its major clients. For additional information
please visit: http://www.recon.cn/.
Forward-Looking Statements
Recon includes “forward-looking statements” within the
meaning of the federal securities laws throughout this press release. A reader can identify forward-looking statements because they are
not limited to historical fact or they use words such as “scheduled,” “may,” “will,” “could,”
“should,” “would,” “expect,” “believe,” “anticipate,” “project,”
“plan,” “estimate,” “forecast,” “goal,” “objective,” “committed,”
“intend,” “continue,” or “will likely result,” and similar expressions that concern Recon’s
strategy, plans, intentions or beliefs about future occurrences or results. Forward-looking statements are subject to risks, uncertainties
and other factors that may change at any time and may cause actual results to differ materially from those that Recon expected. Many of
these statements are derived from Recon’s operating budgets and forecasts, which are based on many detailed assumptions that Recon
believes are reasonable, or are based on various assumptions about certain plans, activities or events which we expect will or may occur
in the future. However, it is very difficult to predict the effect of known factors, and Recon cannot anticipate all factors that could
affect actual results that may be important to an investor. All forward-looking information should be evaluated in the context of these
risks, uncertainties and other factors, including those factors disclosed under “Risk Factors” in Recon’s most recent
Annual Report on Form 20-F and any subsequent half-year financial filings on Form 6-K filed with the Securities and Exchange Commission.
All forward-looking statements are qualified in their entirety by the cautionary statements that Recon makes from time to time in its
SEC filings and public communications. Recon cannot assure the reader that it will realize the results or developments Recon anticipates,
or, even if substantially realized, that they will result in the consequences or affect Recon or its operations in the way Recon expects.
Forward-looking statements speak only as of the date made. Recon undertakes no obligation to update or revise any forward-looking statements
to reflect events or circumstances arising after the date on which they were made, except as otherwise required by law. As a result of
these risks and uncertainties, readers are cautioned not to place undue reliance on any forward-looking statements included herein or
that may be made elsewhere from time to time by, or on behalf of, Recon.
For more information, please contact:
Ms. Liu Jia
Chief Financial Officer
Recon Technology, Ltd
Phone: +86 (10) 8494-5799
Email: info@recon.cn
