UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Emerging growth company
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Item 8.01 Other Events.
Smart Powerr Corp. (the “Company”) has regained compliance with The Nasdaq Stock Market LLC (“Nasdaq”) continued listing requirements regarding periodic reporting.
In a letter dated June 22, 2023, Nasdaq indicated that the Company has regained compliance with its continued listing requirements for periodic reporting as a result of the filing of the Company’s Quarterly Report on Form 10-Q for the period ended March 31, 2023.
At this time, the deficiency of which the Company has been notified have been rectified, and Nasdaq considers this matter closed.
On June 26, 2023, the Company issued the Press Release filed as Exhibit 99.1 to this Current Report.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
| Number | Description | |
| 99.1 | Press Release, dated June 26, 2023 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
1
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.
Date: June 26, 2023
| SMART POWERR CORP. | ||
| By: | /s/ Yongjiang Shi | |
| Yongjiang Shi | ||
| Chief Financial Officer | ||
2
Exhibit 99.1
Smart Powerr Corp. Regains Compliance with NASDAQ
XI'AN, China, June 26, 2023 (GLOBE NEWSWIRE) -- Smart Powerr Corp. (NASDAQ: CREG) (“CREG” or the “Company”), an industrial waste-to-energy solution provider in China, today announced that it received a notification from the Listing Qualifications Department of The Nasdaq Stock Market LLC (the “Nasdaq”) that, based on the Company’s filings of Form 10-Q for the period ended March 31, 2023 on June 21, 2023, Nasdaq has determined that the Company complies with its Listing Rule 5250(c)(1) (the “Listing Rule”).
On June 21, 2023, the Company filed its quarterly reports on Form 10-Q for the periods ended March 31, 2023. Accordingly, Nasdaq has determined that the Company complies with the Listing Rule and closed the matter.
About Smart Powerr Corp.
Smart Powerr Corp. (Nasdaq: CREG) (“CREG” or “the Company”) is based in Xi’an, China and provides environmentally friendly waste-to-energy technologies to recycle industrial byproducts for steel mills, cement factories and coke plants in China. The byproducts include heat, steam, pressure, and exhaust, which we use to generate large amounts of lower-cost electricity and reduce the need for outside electrical sources. The Chinese government has adopted policies to encourage the use of recycling technologies to optimize resource allocation and reduce pollution. Currently, recycled energy represents only an estimated 1% of total energy consumption. The recycled energy resource market is viewed as a fast-growing market due to intensified environmental concerns and rising energy costs as Chinese economy continues to expand. The Company’s management and engineering teams have over 20 years of experience in industrial energy recovery in China. For more information about CREG, please visit http://creg-cn.com
Safe Harbor Statement
This press release may contain certain “forward-looking statements” relating to the business of CREG and its subsidiary companies. All statements, other than statements of historical fact included herein are “forward-looking statements.” These forward-looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including, but not limited to, the risks and uncertainties associated with market conditions and the satisfaction of customary closing conditions relating to the registered direct offering and those discussed in the Company’s annual and periodic reports that are filed with the Securities and Exchange Commission and available on its website at http://www.sec.gov. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
For more information, please contact:
Mr. Jackie Shi,
VP & Chief Financial Officer
Smart Powerr Corp.
Tel: +86- 139 9287 0723
Email: shi910723@yeah.net / jackie.shi@creg-cn.com
Cover |
Jun. 22, 2023 |
|---|---|
| Cover [Abstract] | |
| Document Type | 8-K |
| Amendment Flag | false |
| Document Period End Date | Jun. 22, 2023 |
| Entity File Number | 001-34625 |
| Entity Registrant Name | SMART POWERR CORP. |
| Entity Central Index Key | 0000721693 |
| Entity Tax Identification Number | 90-0093373 |
| Entity Incorporation, State or Country Code | NV |
| Entity Address, Address Line One | 4/F, Tower C |
| Entity Address, Address Line Two | Rong Cheng Yun Gu Building |
| Entity Address, Address Line Three | Keji 3rd Road, Yanta District |
| Entity Address, City or Town | Xi’ an City, Shaanxi Providence |
| Entity Address, Country | CN |
| Entity Address, Postal Zip Code | 710075 |
| City Area Code | 86-29 |
| Local Phone Number | 8765-1097 |
| Written Communications | false |
| Soliciting Material | false |
| Pre-commencement Tender Offer | false |
| Pre-commencement Issuer Tender Offer | false |
| Title of 12(b) Security | Common Stock, par value $0.001 per share |
| Trading Symbol | CREG |
| Security Exchange Name | NASDAQ |
| Entity Emerging Growth Company | false |