Item 3.01 NOTICE OF DELISTING OR FAILURE TO SATISFY A CONTINUED LISTING RULE OR
STANDARD; TRANSFER OR LISTING.
As previously disclosed, on March 20, 2020, Moxian, Inc. (the "Registrant")
received a letter from NASDAQ notifying the Registrant that for the last 30
consecutive business days prior to the date of the letter, the market value of
the Registrant's listed securities were less than $35 million, which did not
meet the requirement for continued listing on The Nasdaq Capital Market, as
required by Listing Rule 5550(b)(2) (the "Market Value Rule"). In accordance
with Nasdaq Listing Rule 5810(c)(3)(C), Nasdaq provided the Registrant with 180
calendar days, or until September 16, 2020, to regain compliance with the Market
Value Rule.
On September 17, 2020, the Registrant received a letter from NASDAQ (the
"September Letter") notifying the Registrant that Nasdaq has determined that for
the last 14 consecutive business days, from August 27 to September 16, 2020, the
Registrant's market value of listed securities has been $35,000,000 or greater.
Accordingly, the Company has regained compliance with the Market Value Rule, and
this matter has now been closed by Nasdaq.
Nasdaq Listing Rule 5810(b) requires that the Registrant promptly disclose
receipt of the September Letter. The Registrant is filing this Current Report on
Form 8-K for the purpose of satisfying Nasdaq's disclosure requirement.
Item 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits.
Exhibit No. Description
3.01 CM MV Listed Companies Compliance Letter
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