0001571049-16-016025.txt : 20160615 0001571049-16-016025.hdr.sgml : 20160615 20160615082147 ACCESSION NUMBER: 0001571049-16-016025 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20160615 FILED AS OF DATE: 20160615 DATE AS OF CHANGE: 20160615 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Moko Social Media Ltd CENTRAL INDEX KEY: 0001496371 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370] IRS NUMBER: 000000000 STATE OF INCORPORATION: C3 FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-36488 FILM NUMBER: 161714412 BUSINESS ADDRESS: STREET 1: 341 GEORGE STREET STREET 2: SUITE 4, LEVEL 9 CITY: SYDNEY, NEW SOUTH WALES STATE: C3 ZIP: 2000 BUSINESS PHONE: 011 61 2 9419-2966 MAIL ADDRESS: STREET 1: 341 GEORGE STREET STREET 2: SUITE 4, LEVEL 9 CITY: SYDNEY, NEW SOUTH WALES STATE: C3 ZIP: 2000 FORMER COMPANY: FORMER CONFORMED NAME: MOKO.mobi Ltd DATE OF NAME CHANGE: 20100712 6-K 1 t1601561_6k.htm FORM 6-K

  

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 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 June 2016

 

Commission File No. 001-36488

 

MOKO Social Media Limited

 

320 King Street
Alexandria, VA 22314

 

(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES.)

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F x Form 40-F ¨

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨

 

Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes ¨ No x

If “Yes” marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-____

  

 

 

 

 

 

Exhibits

99.1 Market Release
   

 

 

 

 

SIGNATURE

 

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.

 

  MOKO Social Media Limited
   
  By:   /s/ Greg McCann
  Name: Greg McCann
  Title:  Chairman
   
Dated: June 15, 2016  

 

 

EX-99.1 2 t1601561_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

ASX/NASDAQ Release

 

SYDNEY, June 10, 2016

 

NASDAQ Delisting

 

MOKO SOCIAL MEDIA LIMITED (ASX: MKB) (NASDAQ: MOKO) (the Company) today announces that NASDAQ has determined by letter dated June 7, 2016 that the Company will be delisted from The NASDAQ Stock Market. As previously announced on December 7, 2015, NASDAQ notified the Company that the market value of its listed securities had been below the minimum $50,000,000 required for continued listing for 30 consecutive trading days and the Company was provided 180 calendar days or until June 6, 2016 to regain compliance. The decision was reached by NASDAQ under NASDAQ Listing Rule 5810(c)(3)(c).

 

The letter states that trading of the Company's American Depositary Shares (“ADSs”) will be suspended at the opening of business on June 16, 2016, and NASDAQ will file a Form 25-NSE with the Securities and Exchange Commission, which will remove the Company's securities from listing and registration on The Nasdaq Stock Market.

 

The Company has considered the letter and does not intend to file a plan to regain compliance or to appeal Nasdaq's determination. The Company believes that the relatively low trading volume of its securities on the NASDAQ over a sustained period no longer justifies the financial and administrative costs associated with maintaining a dual listing. Trading of the Company’s securities on the ASX, the Company’s primary listing, is not impacted by this decision.

 

The Company's ADSs may be eligible to be quoted in the over-the-counter market, or "Pink Sheets." To be quoted on the Pink Sheets, a market maker must sponsor the security and comply with SEC Rule 15c2-11 before it can initiate a quote in a specific security. There can be no assurance that a market maker will apply to quote the Company's ADSs or that the Company's ADSs will become eligible for the Pink Sheets.

 

Corporate Communications Contact:

 

Emma Waldon, Company Secretary, emma.waldon@mokosocialmedia.com

Mobile: +61 417 800 529

 

 

 

MOKO SOCIAL MEDIA LIMITED

 

ABN 35 111 082 485

 

ASX: MKB

NASDAQ: MOKO

 

Alexandria VA

New York NY

Perth Australia

 

MOKOsocialmedia.com

contact@MOKO.mobi

 

 

 

 

 

About MOKO SOCIAL MEDIA Limited

 

MOKO Social Media is at the forefront of the next generation in social media, providing innovative products and content to enable communities to engage and interact. MOKO provides tailored content for students. Within this space, MOKO has agreements with the largest college and high school sports data providers in the U.S., granting exclusive access to deliver its award-winning app REC*IT, its campus fitness dedicated app REC*IT FITNESS, and high school sports management app BigTeams powered by REC*IT, to over 1,200 U.S. colleges, representing approximately 50% of the U.S. college population, and more than 4,100 U.S. high schools respectively.

 

MOKO aims to capture its target audiences by becoming their destination of choice for information and interaction. It does this by creating highly relevant and exclusive content, and by providing the platforms that enable the communities to consume and share the content seamlessly across devices. This integrated approach gives MOKO unique and exclusive exposure to markets that are highly desired by advertisers and that can be leveraged for growth and revenue through advertising, sponsorship, social network distribution and other monetization of the platforms.

 

Note

This announcement is for informational purposes only and is neither an offer to sell nor an offer to buy any securities, or a recommendation as to whether investors should buy or sell.

 

Special Note on Forward-Looking Statements

This press release contains information that may constitute forward-looking statements and uses forward-looking terminology such as “anticipate” “propose” “expect” and “will,” negatives of such terms or other similar statements. You should not place undue reliance on any forward-looking statement due to its inherent risk and uncertainties, both general and specific. Although we believe the assumptions on which the forward-looking statements are based are reasonable and within the bounds of our knowledge of our business and operations as of the date hereof, any or all of those assumptions could prove to be inaccurate. Risk factors that could contribute to such differences include our ability to prepare required documents in connection with the proposed offering, the timing of regulatory review, performance of our shares on the Nasdaq Global Market, and the performance of the United States and global capital markets and companies in our sector, as well as factors relating to the performance of our business, including intense competition we face; failure to innovate and provide products and services that are useful to users; our ongoing need for capital for investment in new and existing business strategies and new products, services and technologies, including through acquisitions; our dependence on advertising revenues; the potential for declines in our revenue growth rate and downward pressure on our operating margin in the future; increased regulatory scrutiny that may negatively impact our business; legal proceedings that may result in adverse outcomes; failure to maintain and enhance our brand; uncertainty as to our ability to protect and enforce our intellectual property rights; and uncertainty as to our ability to attract and retain qualified executives and personnel. The forward-looking information provided herein represents the Company's estimates as of the date of the press release, and subsequent events and developments may cause the Company's estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company's estimates of its future intentions as of any date subsequent to the date of this press release. Our plans may differ materially from information contained in the forward-looking statements as a result of these risk factors or others, as well as changes in plans from our board of directors and management.

 

 

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