Current report filing

8-K 1 ea119204-8k_glorystartnew.htm CURRENT REPORT





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): February 27, 2020



(Exact name of registrant as specified in our charter)


Cayman Islands
(State or Other Jurisdiction
of Incorporation)

File Number)

(IRS Employer

Identification No.)


22F, Block B, Xinhua Technology Building,
No. 8 Tuofangying South Road, 
Jiuxianqiao, Chaoyang District, Beijing, China

(Address of Principal Executive Offices)
(Zip Code)



(Registrant’s telephone number, including area code)


TKK Symphony Acquisition Corporation

c/o Texas Kang Kai Capital Management (Hong Kong) Limited

2039, 2/F United Center,

95 Queensway Admiralty, Hong Kong

(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 (see General Instruction A.2. below):


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:


Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Ordinary Shares, par value $0.0001 per share
The NASDAQ Stock Market LLC
Warrants, each exercisable for one-half of one Ordinary Share
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 ☒


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 February 27, 2020, Glory Star New Media Group Holdings Limited (the “Company”) received a written notice (the “Notice”) from Listing Qualifications of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company has not complied with the requirements of IM-5101-2 of the listing rules of Nasdaq (the “Listing Rules”) with respect to its warrants (the “Warrants”) since it has not demonstrated compliance with all of the requirements for initial listing of its Warrants on the Nasdaq Capital Market following the completion of its previously announced business combination with Glory Star New Media Group Limited, which was completed on February 14, 2020.


Specifically, the Company has not provided evidence that its Warrants have at least 100 round lot holders as required by Listing Rule 5515(a)(4).


The Notice states that, unless the Company requests an appeal, Nasdaq will suspend the trading of the Warrants at the opening of business on March 9, 2020 and remove them from listing and registration on Nasdaq. The Company may appeal Nasdaq’s delisting determination to a Nasdaq hearings panel by March 5, 2020, which will stay the suspension of the Warrants and their removal from Nasdaq pending the panel’s decision.


The listing of the Company's ordinary shares, which are traded on the Nasdaq Capital Market under the ticker symbol “GSMG,” is not affected by the delisting of the Warrants.






Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on our behalf by the undersigned hereunto duly authorized.


Glory Star New Media Group Holdings Limited

By:/s/ Bing Zhang

Bing Zhang

Chief Executive Officer

Dated: March 4, 2020