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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 July 2023
Commission File Number: 001-37829
NISUN INTERNATIONAL ENTERPRISE
DEVELOPMENT GROUP CO., LTD
(Registrant’s name)
21F, 55 Loushanguan Rd
Changning District
Shanghai 200336
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.:
Form 20-F ☒ Form 40-F ☐
EXPLANATORY NOTE
On July 24, 2023, The Nasdaq Stock Market LLC (“Nasdaq”) granted Nisun International Enterprise Development Group Co., Ltd. (the “Company”) an additional 180 calendar day period, or until November 13, 2023, (the “Exception Period”) to regain compliance with the requirement to timely file periodic financial reports for continued listing on NASDAQ Capital Market pursuant to NASDAQ Listing Rule 5250(c)(1) (the “Rule”).
As previously reported, on May 18, 2023, the Company received a letter from Nasdaq notifying the Company that it was not in compliance with the Rule, because the Company had not filed its Form 20-F for the year ended December 31, 2022 (the “Form 20-F”). Under Nasdaq’s rules, the Company had 60 calendar days to submit a plan to regain compliance. The Company submitted a compliance plan with Nasdaq pursuant to the rules.
Under the terms of the exception granted by Nasdaq, the Company is required to file the Form 20-F on or before November 13, 2023. In the event the Company does not satisfy the terms, Nasdaq will provide written notification that the Company’s securities will be delisted. At that time, the Company may appeal the Staff’s determination to Nasdaq’s hearings panel.
The Company is working diligently to finalize and file the Form 20-F as soon as practicable and expects to file it on or prior to the November 13, 2023 deadline. There can be no assurance that the Company will be able to regain compliance with the Rule or maintain compliance with the other listing requirements necessary for the Company to maintain the listing of its common shares on Nasdaq.
The Company issued a press release announcing this matter on July 25, 2023. A copy of the press release is furnished as Exhibit 99.1 to this Report on Form 6-K.
EXHIBIT INDEX
| Exhibit | Description | |
| 99.1 | Press release dated July 25, 2023 |
SIGNATURES
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.
| NISUN INTERNATIONAL ENTERPRISE DEVELOPMENT GROUP CO., LTD | ||
| Date: July 25, 2023 | By: | /s/ Xiaoyun Huang |
| Name: | Xiaoyun Huang | |
| Title: |
Chief Executive Officer (Principal Executive Officer) and Duly Authorized Officer |
|
3
Exhibit 99.1
Nisun International Received Exception Period to Regain Compliance with NASDAQ Periodic Reports Requirements
SHANGHAI, July 25, 2023 /PRNewswire/ -- Nisun International Enterprise Development Group Co., Ltd (Nasdaq: NISN) (“Nisun” or the “Company”) announced today that on July 24, 2023, it received notification from The Nasdaq Stock Market LLC (“NASDAQ”) confirming the Company has been granted an additional 180 calendar day period for compliance under the timely filing of periodic financial reports requirement through November 13, 2023. To regain compliance with NASDAQ’s periodic reports requirement, the Company is required to file the Form 20-F for the year ended December 31, 2022 by November 13, 2023.
About Nisun International Enterprise Development Group Co., Ltd
Nisun International Enterprise Development Group Co., Ltd (NASDAQ: NISN) is a technology-driven, integrated supply chain solutions provider focused on transforming the corporate finance industry. Leveraging its rich industry experience, Nisun is dedicated to providing professional supply chain solutions to Chinese and foreign enterprises and financial institutions. Through its subsidiaries, Nisun provides users with professional solutions for technology supply chain management, technology asset routing, and digital transformation of tech and finance institutions, enabling the industry to strengthen and grow. At the same time, Nisun continues to deepen the field of industry segmentation through industrial and financial integration, by cultivating/creating an ecosystem of openness and empowerment. Nisun has built a linked platform that incorporates supply chain, banking, securities, trust, insurance, funds, state-owned enterprises, among other businesses. Focusing on industry-finance linkages, Nisun aims to serve the upstream and downstream of the industrial supply chain while also assisting with supply-side sub-sector reform. For more information, please visit http://ir.nisun-international.com/.
Cautionary Note Regarding Forward-Looking Statements
This press release contains information about Nisun’s view of its future expectations, plans and prospects that constitute forward-looking statements. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with its ability to raise additional funding, its ability to maintain and grow its business, variability of operating results, its ability to maintain and enhance its brand, its development and introduction of new products and services, the successful integration of acquired companies, technologies and assets into its portfolio of products and services, marketing and other business development initiatives, competition in the industry, general government regulation, economic conditions, dependence on key personnel, the ability to attract, hire and retain personnel who possess the technical skills and experience necessary to meet the requirements of its clients, and its ability to protect its intellectual property. Nisun encourages you to review other factors that may affect its future results in Nisun’s registration statement and in its other filings with the Securities and Exchange Commission. Nisun assumes no obligation to update or revise its forward-looking statements as a result of new information, future events or otherwise, except as expressly required by applicable law.
Contacts
Nisun International Enterprise Development Group Co., Ltd
Investor Relations
Tel: +86 (21) 2357-0055
Email: ir@cnisun.com
Ascent Investor Relations LLC
Tina Xiao
Tel: +1 (917) 609 0333
Email: tina.xiao@ascent-ir.com