SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): January 22, 2020
(Exact name of registrant as specified in its charter)
|(State or other jurisdiction |
Jinshan Building East, Unit 1903
568 Jinshan West Road
Yong Kang City, Zhejiang Province
(Address of principal executive offices, including zip code)
Registrant’s telephone number, including area code: (86) 13012855255
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
|☐||Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)|
|☐||Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)|
|☐||Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))|
|☐||Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))|
Securities registered pursuant to Section 12(b) of the Act:
of each class
Name of each exchange
on which registered
|Units, each consisting of one Ordinary Share, one Right and one Warrant||FLLCU||The NASDAQ Stock Market LLC|
|Ordinary Shares, par value $0.0001 per share||FLLC||The NASDAQ Stock Market LLC|
|Rights, exchangeable into one-tenth of one Ordinary Share||FLLCR||The NASDAQ Stock Market LLC|
|Warrants, each exercisable for one-half of one Ordinary Share, each whole Ordinary Share exercisable at $11.50 per whole share||FLLCW||The NASDAQ Stock Market LLC|
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company þ
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
|Item 3.01||Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.|
On January 22, 2020, Fellazo Inc. (the “Company”) received a written notice (the “Notice”) from the Staff of the Listing Qualifications Department (the “Staff”) of The NASDAQ Stock Market LLC (“Nasdaq”) stating that (a) the Company failed to provide complete responses in connection with an additional information request pursuant to Nasdaq Listing Rule 5250(a)(1), and (b) the compensation committee of the Company failed to determine, or recommend to the board for determination, the compensation of the chief executive officer and all other executive officers of the Company pursuant to the Nasdaq Listing Rule 5605(d)(1)(B). Pursuant to the Notice, each of the above deficiencies serves as an additional basis for delisting the Company’s securities from Nasdaq.
The Company originally received a determination from the Staff on December 13, 2019 to delist the Company’s securities for its failure to (a) timely file its Form 10-Q as required by Nasdaq Listing Rule 5250(c)(1), and (b) disclose certain information as required by Nasdaq Listing Rule 5250(b)(1).
As reported on the Company’s Report on Form 8-K filed on January 8, 2020, the Company appealed the Staff’s determination on December 20, 2019 and a hearing has been scheduled for February 6, 2020.
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 hereunto duly authorized.
|Date: January 28, 2020||By:||/s/ Nicholas Ting Lun Wong|
|Name: Nicholas Ting Lun Wong|
|Title: Chief Executive Officer|