# EDGAR Filing Document

**Accession Number:** 0001491487
**File Stem:** 0001213900-23-005116
**Filing Date:** 2023-1
**Character Count:** 8564
**Document Hash:** 5348fdae95a47ba4fcd1c1e135401afb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-23-005116.hdr.sgml**: 20230125

**ACCESSION NUMBER**: 0001213900-23-005116

**CONFORMED SUBMISSION TYPE**: DEFA14A

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230125

**DATE AS OF CHANGE**: 20230125

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Takung Art Co., Ltd
- **CENTRAL INDEX KEY:** 0001491487
- **STANDARD INDUSTRIAL CLASSIFICATION:** RETAIL-RETAIL STORES, NEC [5990]
- **IRS NUMBER:** 264731758
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** DEFA14A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38036
- **FILM NUMBER:** 23552569

**BUSINESS ADDRESS:**
- **STREET 1:** OFFICE Q 11TH FLOOR, KINGS WING PLAZA 2
- **STREET 2:** NO. 1 KWAN ST, SHA TIN, NEW TERRITORIES
- **CITY:** HONG KONG
- **STATE:** K3
- **ZIP:** 999077
- **BUSINESS PHONE:** 8613020144962

**MAIL ADDRESS:**
- **STREET 1:** OFFICE Q 11TH FLOOR, KINGS WING PLAZA 2
- **STREET 2:** NO. 1 KWAN ST, SHA TIN, NEW TERRITORIES
- **CITY:** HONG KONG
- **STATE:** K3
- **ZIP:** 999077

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Takung Art Co., Ltd.
- **DATE OF NAME CHANGE:** 20141106

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Cardigant Medical Inc.
- **DATE OF NAME CHANGE:** 20100507

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 OR 15(d) of the**

**Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported): January 20, 2023**

**TAKUNG ART CO., LTD** 

**(Exact name of Registrant as specified in its charter)**

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| | | |
|:---|:---|:---|
| **Delaware** | **001-38036** | **26-4731758** |
| **(State or other jurisdiction**<br> **of Incorporation)** | **(Commission File No.)** | **(IRS Employer**<br> **Identification No.)** |

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**<u>Office Q 11<sup>th</sup> Floor</u>** **<u>, Kings Wing Plaza 2</u>**

**<u>No. 1 Kwan Street, Sha Tin, New Territories, Hong Kong</u>**

**(Address of Principal Executive Offices)**

**Registrant's telephone number: +8613020144962**

**<u>Room 709 Tower 2, Admiralty Centre,</u>**

**<u>18 Harcourt Road, Admiralty, Hong Kong</u>**

**(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 (<u>see</u> 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:

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| | | |
|:---|:---|:---|
| Title of each class | Trading Symbol(s) | Name of each exchange on which<br> registered |
| **Common Stock, par value $0.001 per share** | **TKAT** | **NYSE American** |

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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 January 20, 2023, Takung Art Co., Ltd. (the "Company") received an official notice of noncompliance from the NYSE Regulation ("NYSE") stating that the Company is noncompliant with Section 704 of the NYSE American Company Guide (the "Company Guide") for failure to hold an annual meeting for the fiscal year ended December 31, 2021 by December 31, 2022 ("2022 Annual Meeting"). Section 704 of the Company Guide requires an issuer to hold an annual meeting during each fiscal year. The Company expects to hold its Annual Meeting in 2023, at which time the Company will regain compliance with NYSE American LLC's ("NYSE American's") continued listing standards.

**Item 8.01. Other Events**

On January 25, 2023, the Company issued a press release announcing its receipt of the NYSE Notice. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

**Item 9.01.** **Exhibits.**

(d) Exhibits

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| | |
|:---|:---|
| **Exhibit**<br> **Number** | **Description** |
| 99.1 | [Press Release dated January 25, 2023.](ea172193ex99-1_takung.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

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**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 hereunto duly authorized.

Date: January 25, 2023

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| | |
|:---|:---|
| Takung Art Co., Ltd | Takung Art Co., Ltd |
| /s/ Kuangtao Wang | /s/ Kuangtao Wang |
| Name: | Kuangtao Wang |
| Title: | Co-Chief Executive Officer |

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## Exhibit 99.1

**Exhibit 99.1**

**Takung Art Receives Notice of Noncompliance from NYSE American Exchange**

Hong Kong, Jan. 25, 2023 (GLOBE NEWSWIRE) -- Takung Art Co., Ltd. (NYSE American: TKAT) ("Company" or "TKAT"), as an emerging online trading platform operator of international art and collectibles, today announced it has received a notice of noncompliance from the NYSE American Exchange on January 20, 2023 because the Company did not hold an annual meeting in 2022 due to it requiring additional time to respond to comments from the U.S. Securities Exchange Commission (the "SEC") regarding the Company's Definitive Proxy Statement, as amended, and Registration Statement on Form F-4 filed with the SEC on December 19, 2022. The Company expects to hold an annual meeting in 2023, at which time it will regain compliance with the NYSE American's continued listing standards.

**About TKAT**

Takung Art Co Ltd. operates an online electronic platform (www.nftoeo.com) for offering and trading of digital artwork. Through its platform, the Company allows artists/art dealers/owners to access a much bigger art trading market where they can engage with a wide range of investors. It generates revenue in the form of services in connection with the offering and trading of artwork on its platform, primarily consisting of listing fees, trading commissions, and management fees. Please visit**: www.nftoeo.com<u>.</u>**

**Forward-Looking Statements**

Certain statements in this press release may constitute "forward-looking statements" within the meaning of the Federal Securities Act, including but not limited to our expectations of future financial performance, business strategy or business. These statements constitute forecasts, prospects and forward-looking statements and are not performance guarantees. TKAT warns that forward-looking statements are subject to many assumptions, risks and uncertainties that will change over time. Forward looking statements may be identified by words such as "may", "can", "should", "will", "estimate", "plan", "project", "forecast", "intend", "expect", "predict", "believe", "seek", "target", "Outlook" or similar words.

These forward-looking statements are based on information available as of the date of this press release and our management's current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and you should not place undue reliance on these forward-looking statements in deciding whether to invest in our securities. We do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

SOURCE TKAT

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| |
|:---|
| CONTACT: |
| Byron Qian |
| byronqian@163.com |
| +8613020144962 |

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