Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
04 Août 2023 - 1:57PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
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FORM 6-K |
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE
SECURITIES EXCHANGE ACT OF 1934
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For the month of August, 2023
Commission
File Number: 001-38201
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SECOO HOLDING LIMITED |
21/F, Block D, Wantong Center, No. A 6
Chaowai Street
Chaoyang
District, Beijing 100027
The People’s Republic of China |
(Address of principal executive office)
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Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
EXHIBIT INDEX
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.
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SECOO HOLDING LIMITED |
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Date: August 4, 2023 |
By: |
/s/ Richard Rixue Li |
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Richard Rixue Li |
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Director and Chief Executive Officer |
Exhibit 99.1
Secoo Announces Receipt of Minimum Bid Price
Notice from Nasdaq
BEIJING, Aug. 04, 2023 (GLOBE NEWSWIRE) -- Secoo Holding Limited (“Secoo”
or the “Company”) (NASDAQ: SECO), Asia’s leading online integrated upscale products and services platform, today announced
that it has received a written notification from the staff of the Listing Qualifications Department of the Nasdaq Stock Market LLC (“Nasdaq”)
dated August 1, 2023, indicating that because the closing bid price of the Company’s American Depositary Shares (“ADSs”)
for the last 30 consecutive business days was below US$1.00 per share, the Company no longer meets the Nasdaq minimum bid price requirement,
set forth in Nasdaq Listing Rule 5550(a)(2).
Pursuant to the Nasdaq Listing Rule 5810(c)(3)(A), the Company is provided
with a compliance period of 180 calendar days, or until January 29, 2024, to regain compliance under the Nasdaq Listing Rules. If at any
time during the 180-day compliance period, the closing bid price of the Company’s ADSs is at lease US$1.00 per sharefor a minimum
of ten consecutive business days, Nasdaq will provide the Company written confirmation of compliance and that matter will be closed.
In the event the Company does not regain compliance by January 29,
2024, the Company may be eligible for an additional compliance period of 180 calendar days period to regain compliance. To qualify, the
Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing
standards for the Nasdaq Capital Market, with the exception of the bid price requirement, and will need to provide written notice of its
intention to cure the deficiency during the second compliance period, including by effecting a reverse stock split, if necessary. If the
Company meets these requirements, Nasdaq will inform the Company that it has been granted an additional 180 calendar days. However, if
the Company will not be able to cure the minimum bid price deficiency, or if the Company is otherwise not eligible for an additional compliance
period, Nasdaq will provide notice that its ADSs will be subject to delisting. In that event, the Company may appeal the delisting determination
to a Hearings Panel.
The Nasdaq notification letter will have no effect on the Company’s
business operations, and the Company will take all reasonable measures to regain compliance.
About Secoo Holding Limited
Secoo Holding Limited (“Secoo”) is Asia’s leading
online integrated upscale products and services platform. Secoo provides customers a wide selection of authentic upscale products and
lifestyle services on the Company’s integrated online and offline shopping platform which consists of the Secoo.com website, mobile
applications and offline experience centers, offering over 420,000 SKUs, covering over 3,800 global and domestic brands. Supported by
the Company’s proprietary database of upscale products, authentication procedures and brand cooperation, Secoo is able to ensure
the authenticity and quality of every product offered on its platform.
For more information, please visit http://ir.secoo.com.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined
in the Private Securities Litigation Reform Act of 1995. These forward-looking statements include but are not limited to Secoo management
quotes and the Company’s financial outlook. These forward-looking statements can be identified by terminology such as “will,”
“estimate,” “project,” “predict,” “believe,” “expect,” “anticipate,”
“intend,” “potential,” “plan,” “goal” and similar statements. Secoo Holding Limited may
also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual
report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees
to third parties. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those
expressed or implied in the forward-looking statements. These forward-looking statements include, but are not limited to, statements about:
the Company’s goals and strategies; its future business development, financial condition and results of operations; its ability
to attract and retain new customers and to increase revenues generated from repeat customers; its expectations regarding demand for and
market acceptance of its products and services; trends and competition in China’s e-commerce market; changes in its revenues and
certain cost or expense items; the expected growth of the Chinese e-commerce market; Chinese governmental policies relating to the Company’s
industry and general economic conditions in China. For additional information on these and other important factors that could adversely
affect the Company’s business, financial condition, results of operations and prospects, please see its filings with the U.S. Securities
and Exchange Commission.
Secoo Holding Limited does not undertake any obligation to update any
forward-looking statement, except as required under applicable law. All information provided in this press release and in the attachments
is as of the date of this press release, and Secoo Holding Limited undertakes no duty to update such information, except as required under
applicable law.
For investor and media inquiries, please contact:
In China:
Secoo Holding Limited
Jingbo Ma
Tel: +86 10 6588-0135
E-mail: ir@secoo.com
The Piacente Group, Inc.
Jenny Cai
Tel: +86 (10) 6508-0677
E-mail: Secoo@tpg-ir.com
In the United States:
The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
E-mail: Secoo@tpg-ir.com
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