Annuncio • Feb 09
Greencity Acquisition Corporation USD ORD SHS to Be Deleted from OTC Equity Greencity Acquisition Corporation USD ORD SHS (Cayman Islands) will be deleted from OTC Equity effective February 09, 2024, due to Liquidation /Final Distribution. Annuncio • Jul 08
Nasdaq to Delist the Ordinary Shares of Greencity Acquisition Nasdaq announced on July 6, 2023 that it will delist the ordinary shares, unit, and warrants of Greencity Acquisition Corporation. The company’s securities were suspended on June 1, 2023, and have not traded on Nasdaq since that time. Annuncio • May 24
Greencity Acquisition Announces Receipt of Notice from Nasdaq Regarding the Determination of Delisting On May 23, 2023, Greencity Acquisition Corporation announced that it has received a notice from the Listing Qualifications Department of The Nasdaq Stock Market on May 22, 2023. The Notice advised the Company that based on Staff's review and the materials submitted by the Company on April 18 and May 12, 2023, the Staff has determined to deny the Company's request for continued listing on The Nasdaq Capital Market. Accordingly, the Company's securities will be delisted from The Nasdaq Stock Market. In that regard, unless the Company requests an appeal of this determination, trading of the Company's securities will be suspended at the opening of business on June 1, 2023, and a Form 25-NSE will be filed with the Securities and Exchange Commission, which will remove the Company's securities from listing and registration on The Nasdaq Stock Market. The Company may appeal Staff's determination to a Hearings Panel, pursuant to the procedures set forth in the Nasdaq Listing Rule 5800 Series. Requests for a hearing and for an extended stay should be submitted electronically through the Nasdaq Listing Center, and must be received no later than 4:00 Eastern Time on May 30, 2023. Annuncio • May 16
Greencity Acquisition Corporation announced delayed 10-Q filing On 05/15/2023, Greencity Acquisition Corporation announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Annuncio • Nov 25
Greencity Acquisition Corporation Announces Receipt of Notice from Nasdaq Regarding Late Filing of Quarterly Report on Form 10-Q Greencity Acquisition Corporation (the "Company") announced that it has received a notice ("Notice") from the Listing Qualifications Department of The Nasdaq Stock Market ("Nasdaq") as a result of its failure to file its Quarterly Report on Form 10-Q for the quarter ended September 30, 2022 (the "Form 10-Q") in a timely fashion. The Notice advised the Company that it was not in compliance with Nasdaq's continued listing requirements under the timely filing criteria established in Nasdaq Listing Rule 5250(c)(1). As reported by the Company in its Form 12b-25 filed with the Securities and Exchange Commission (the "SEC") on November 15, 2022, the Company was unable to file its Form 10-Q within the prescribed time period without unreasonable effort or expense. The extension period provided under Rule 12b-25 expired on November 21, 2022. Nasdaq has informed the Company that, under Nasdaq rules, the Company has 60 calendar days from receipt of the Notice (November 22, 2022), to submit a plan to regain compliance with the Rule. If Nasdaq accepts the Company's plan, then Nasdaq may grant an exception of up to 180 calendar days from the due date of the Form 10-Q (November 21, 2022), or until May 15, 2023, to regain compliance. However, there can be no assurance that Nasdaq will accept the Company's plan to regain compliance or that the Company will be able to regain compliance within any extension period granted by Nasdaq. If Nasdaq does not accept the Company's plan, then the Company will have the opportunity to appeal that decision to a Nasdaq hearings panel. As noted above, the Company is working diligently to complete its Form 10-Q. The Company intends to file it as soon as practicable to regain compliance with Nasdaq continued listing standards. Annuncio • Nov 16
Greencity Acquisition Corporation announced delayed 10-Q filing On 11/15/2022, Greencity Acquisition Corporation announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Annuncio • Oct 08
Greencity Acquisition Corporation, Annual General Meeting, Oct 28, 2022 Greencity Acquisition Corporation, Annual General Meeting, Oct 28, 2022, at 10:00 Eastern Standard Time. Agenda: To consider election of Directors; to consider Ratification of Appointment of Independent Auditor; to consider extension proposal; and to consider Adjournment Proposal. Annuncio • Aug 20
Greencity Acquisition Receives Non-Compliance Letter from Nasdaq On August 17, 2022, Greencity Acquisition Corporation (Company") received a written notice (the Notice") from the Listing Qualifications Department of The Nasdaq Stock Market (Nasdaq") indicating that the Company was notin compliance with Listing Rule 5550(a)(3) (the Minimum Public Holders Rule"), which requires the Company to have at least 300 public holders for continued listing on the NASDAQ Capital Market. The Notice is only a notification of deficiency, not of imminent delisting, and has no current effect on the listing or trading of the Company's securities on the Nasdaq Capital Market. The Notice states that the Company has 45 calendar days to submit a plan to regain compliance with the Minimum Public Holders Rule. The Company intends to submit a plan to regain compliance with the Minimum Public Holders Rule within the required timeframe. If Nasdaq accepts Company's plan, Nasdaq may grant the Company an extension of up to 180 calendar days from the date of the Notice to evidence compliance with the Minimum Public Holders Rule. If Nasdaq does not accept the Company's plan, the Company will have the opportunity to appeal the decision in front of a Nasdaq Hearings Panel. Board Change • Apr 27
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Chairman & CEO Jinlong Liu is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Jan 12
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). Chairman & CEO Jinlong Liu is the most experienced director on the board, commencing their role in 2019. Independent Director Chao Liu was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Annuncio • Aug 10
Greencity Acquisition Corporation Regains Compliance with Nasdaq Listing Requirements Greencity Acquisition Corporation received a letter on August 6, 2021 from Nasdaq stating, that based on the Company's filing of its Form 10-Q for the quarter ended March 31, 2021 on July 26, 2021, Nasdaq has determined that the Company now complies with the filing criteria established in Nasdaq Listing Rule 5250(c)(1). Annuncio • Jun 12
Greencity Acquisition Announces Receipt of Notice from Nasdaq Regarding Late Filing of Quarterly Report on Form 10-Q Greencity Acquisition Corporation announced that it has received a notice ("Notice") from the Listing Qualifications Department of The Nasdaq Stock Market ("Nasdaq") as a result of its failure to file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2021 (the "Form 10-Q") in a timely fashion. The Notice advised the Company that it was not in compliance with Nasdaq's continued listing requirements under the timely filing criteria established in Nasdaq Listing Rule 5250(c)(1). As reported by the Company in its Form 12b-25 filed with the Securities and Exchange Commission (the "SEC") on May 17, 2021, the Company was unable to file its Form 10-Q within the prescribed time period without unreasonable effort or expense. The extension period provided under Rule 12b-25 expired on May 24, 2021. Nasdaq has informed the Company that, under Nasdaq rules, the Company has 60 calendar days from receipt of the Notice (June 9, 2021) or until August 9, 2021, to submit a plan to regain compliance with the Rule. If Nasdaq accepts the Company's plan, then Nasdaq may grant an exception of up to 180 calendar days from the due date of the Form 10-Q (May 24, 2021), or until November 22, 2021, to regain compliance. However, there can be no assurance that Nasdaq will accept the Company's plan to regain compliance or that the Company will be able to regain compliance within any extension period granted by Nasdaq. If Nasdaq does not accept the Company's plan, then the Company will have the opportunity to appeal that decision to a Nasdaq hearings panel. As noted above, the Company is working diligently to complete its Form 10-Q. The Company intends to file it as soon as practicable to regain compliance with Nasdaq continued listing standards. Annuncio • May 18
Greencity Acquisition Corporation announced delayed 10-Q filing On 05/17/2021, Greencity Acquisition Corporation announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Is New 90 Day High Low • Jan 12
New 90-day high: US$10.43 The company is up 6.0% from its price of US$9.82 on 12 October 2020. The American market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 21% over the same period. Is New 90 Day High Low • Dec 11
New 90-day high: US$10.18 The company is up 3.0% from its price of US$9.87 on 11 September 2020. The American market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 18% over the same period. Annuncio • Sep 10
Greencity Acquisition Corporation announced delayed 10-Q filing On 09/09/2020, Greencity Acquisition Corporation announced that they will be unable to file their next 10-Q by the deadline required by the SEC. 
