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Stock impact report

Luokung Technology Corp. Announces Delay to Listing of Its Ordinary Shares on NASDAQ

Luokung Technology Corp - Ordinary Shares (LKCO) 
Company Research Source: PR Newswire
BEIJING, Sept. 20, 2018 /PRNewswire/ -- Luokung Technology Corp. (Nasdaq: LKCO) ("LK" or the "Company"), a global leading graphics data processing technology company, a leading interactive location-based services in China, and a pioneer and leader of the railway Wi-Fi market in China, today announced that it has completed the voluntary delisting of its ADRs from the Nasdaq Capital Market ("NASDAQ") on September 19, 2018 and will delay the listing of its ordinary shares on NASDAQ in response to administrative delays. The Company anticipates that such processes will be completed in the next few days. The Company will issue another press release announcing the effective date of the listing of its ordinary shares as soon as it receives confirmation from NASDAQ.The Company further announced that, due to administrative delays, the issuance of 185,412,599 of the Company's ordinary shares (the "AEA Shares") to the stockholders of C Media Limited as contemplated by that Asset Exchange Agreemen Show less Read more
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