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LKCO - Luokung Technology News Story

$1.18 0.0  0.4%

Last Trade - 4:15pm

Sector
Technology
Size
Small Cap
Market Cap £173.0m
Enterprise Value £194.4m
Revenue £13.3m
Position in Universe 4341st / 6853

BRIEF-Luokung Announces Nasdaq Withdrawal Of Delisting Notice

Thu 11th March, 2021 2:09pm
March 11 (Reuters) - Luokung Technology Corp  LKCO.O :
    * LUOKUNG ANNOUNCES NASDAQ WITHDRAWAL OF DELISTING NOTICE
AND
CONFIRMATION THAT TRADING IN LUOKUNG ORDINARY SHARES WILL
CONTINUE UNTIL MAY 8, 2021
    * LUOKUNG TECHNOLOGY - LETTER CONFIRMS ANY RESTRICTIONS ON
U.S.
PERSONS TO TRADE LUOKUNG'S SECURITIES OR DERIVATIVES WILL NOT
TAKE EFFECT UNTIL MAY 8
    * LUOKUNG TECHNOLOGY CORP - ANNOUNCED RECEIPT OF A LETTER
FROM
DEPARTMENT OF TREASURY OFFICE OF FOREIGN ASSETS CONTROL
    * LUOKUNG TECHNOLOGY CORP - OFAC HAS CONFIRMED THAT U.S.
DEPARTMENT OF DEFENSE HAS LISTED LUOKUNG AS A "COMMUNIST CHINESE
MILITARY COMPANY"
    * LUOKUNG TECHNOLOGY CORP - UPON RECEIPT OF OFAC LETTER,
LUOKUNG
CONTACTED NASDAQ SENIOR MANAGEMENT
    * LUOKUNG TECHNOLOGY CORP - CONTACTED NASDAQ SENIOR
MANAGEMENT TO
INFORM IT OF ACTION TAKEN BY OFAC
    * LUOKUNG TECHNOLOGY CORP - REQUESTED THAT NASDAQ RECONSIDER
DELISTING DETERMINATION THAT IT PREVIOUSLY ISSUED
    * LUOKUNG TECHNOLOGY CORP - NASDAQ NOTIFIED LUOKUNG IN
WRITING
THAT IT HAS WITHDRAWN ITS DELISTING LETTER
    * LUOKUNG - AS A CONSEQUENCE OF NASDAQ'S ACTION TRADING IN
LUOKUNG
SHARES WILL NOT BE SUSPENDED ON MARCH 15, 2021

Source text for Eikon:  ID:nPn6DkkPma 
Further company coverage:  LKCO.O 

 ((Reuters.Briefs@thomsonreuters.com;))
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