ZK International Group Co., Ltd. Granted Extension to File Form 20-F by Nasdaq

Rhea-AI Summary

ZK International Group Co. (Nasdaq: ZKIN) has been granted another extension by Nasdaq to file its Form 20-F for the fiscal year ended September 30, 2023.

The initial extension set the deadline at June 7, 2024, but after a subsequent request, the deadline has been further extended to August 13, 2024. This additional time allows ZK International to complete and submit its annual report. However, if the company fails to meet this new deadline, Nasdaq will issue a written notification of delisting. ZK International will then have the option to appeal Nasdaq's decision and request a hearing.

The company remains committed to meeting all regulatory requirements and appreciates Nasdaq's willingness to provide this additional time.

Positive

• None.

Negative

• If ZK International fails to file the 20-F by August 13, 2024, Nasdaq will issue a delisting notice.
• The company needed a second extension to file its Form 20-F, indicating potential issues in meeting regulatory deadlines.

WENZHOU, China, June 26, 2024 /PRNewswire/ -- ZK International Group Co., Ltd. (Nasdaq: ZKIN) (the "Company") announces that Nasdaq has granted the Company an additional extension to file its Form 20-F for the fiscal year ended September 30, 2023. Initially, Nasdaq had extended the deadline to June 7, 2024. However, upon a subsequent request, Nasdaq has provided a further extension through August 13, 2024.

This extension allows the Company more time to complete and submit its annual report. Should the Company fail to file the 20-F by August 13, 2024, Nasdaq will issue a written notification of delisting. The Company will have the option to appeal Nasdaq's determination to a Nasdaq Listing Qualifications Panel and request a hearing.

The Company remains committed to meeting all regulatory requirements and appreciates Nasdaq's cooperation and understanding during this process.

For more information please visit www.ZKInternationalGroup.com. Additionally, please follow the Company on Twitter, Facebook, YouTube, and Weibo. For further information on the Company's SEC filings please visit www.sec.gov. 

About ZK International Group Co., Ltd.:

ZK International Group Co., Ltd. is a China-based engineering company building and investing in innovative technologies for the modern world. With a focus on designing and implementing next-generation solutions through industrial, environmental and software engineering, ZKIN owns 28 patents, 21 trademarks, 2 Technical Achievement Awards, and 10 National and Industry Standard Awards.

ZKIN's core business is to engineer and manufacture patented high-performance stainless steel and carbon steel pipe products that effectively deliver high quality, highly-sustainable and environmentally sound drinkable water to the Chinese, Asia and European markets.  ZK International is Quality Management System Certified (ISO9001), Environmental Management System Certified (ISO1401), and a National Industrial Stainless Steel Production Licensee.  It has supplied stainless steel pipelines for over 2,000 projects, which include the Beijing National Airport, the "Water Cube" and "Bird's Nest", which were venues for the 2008 Beijing Olympics.  ZK International is preparing to capitalize on the $850 Billion commitment made by the Chinese Government to improve the quality of water, which has been stated to be 70% unfit for human contact.  

Safe Harbor Statement 

This news 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 U.S. Private Securities Litigation Reform Act of 1995. Without limiting the generality of the foregoing, words such as "may," "will," "expect," "believe," "anticipate," "intend," "could," "estimate" or "continue" or the negative or other variations thereof or comparable terminology are intended to identify forward-looking statements. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict and many of which are beyond the control of ZK International.  Actual results may differ from those projected in the forward-looking statements due to risks and uncertainties, as well as other risk factors that are included in the Company's filings with the U.S. Securities and Exchange Commission. Although ZK International believes that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance that the results contemplated in forward-looking statements will be realized.  In light of the significant uncertainties inherent in the forward-looking information included herein, the inclusion of such information should not be regarded as a representation by ZK International or any other person that their objectives or plans will be achieved. ZK International does not undertake any obligation to revise the forward-looking statements contained herein to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

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SOURCE ZK International Group Co., Ltd.

FAQ

When is the new deadline for ZK International to file its Form 20-F?

The new deadline for ZK International to file its Form 20-F is August 13, 2024.

What will happen if ZK International fails to file the Form 20-F by the new deadline?

If ZK International fails to file the Form 20-F by the new deadline, Nasdaq will issue a written notification of delisting.

What options does ZK International have if Nasdaq issues a delisting notice?

ZK International can appeal Nasdaq's delisting decision and request a hearing before a Nasdaq Listing Qualifications Panel.

Why did ZK International request a further extension to file its Form 20-F?

ZK International requested a further extension to have more time to complete and submit its annual report.