LKCO

LKCO US Stock
$2.72
Open: $2.6 High: $2.85 Low: $2.53 Close: $2.72
Range: 2021-06-23 - 2021-06-24
Volume: 26,693,838
Market: Open
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LKCO
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LKCO News
Latest news about the LKCO
  • Luokung Announces Approval of eMapGo's HD Map Standards

    Luokung Technology Corp. (NASDAQ: LKCO) ("Luokung" or the "Company"), a leading Spatial-Temporal intelligent big data services company and provider of interactive location-based services and High Definition maps ("HD Maps") in China, today announced that the Intelligent and Connected Vehicles—Highly Automated Driving Map—Acquisition Element Model and Exchange Format standard (standard number: T/CSAE 185-2021), sponsored by Luokung's wholly-owned subsidiary eMapgo Technologies (Beijing) Co., Ltd.

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  • Luokung Announces Subsidiary eMapgo's Contract Win for New Generation Traffic Control Network and Smart Highway Demonstration Project

    Luokung Technology Corp. (NASDAQ: LKCO) ("Luokung" or the "Company"), a leading Spatial-Temporal intelligent big data services company and provider of interactive location-based services and HD Maps in China, today announced that its wholly owned subsidiary eMapgo Technologies (Beijing) Co., Ltd. ("EMG"), a leading provider of navigation and electronic map services in China, has entered into a contract to deliver a new generation traffic control network and smart highway demonstration project fo

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  • Luokung Announces Removal from Executive Order List, Favorable Conclusion of Department of Defense Designation Matter

    Luokung Technology Corp. (NASDAQ: LKCO) ("Luokung" or the "Company"), a leading interactive location-based services and big data processing technology company based in China, announced today that the U.S. Department of Defense ("DoD") has removed the Company's designation as a Communist Chinese Military Company. In addition, as a result of the omission of the Company from Executive Order 14032, which amends and supersedes Executive Order 13959 in imposing restrictions on trading shares of certai

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  • Luokung Announces Filing of Annual Report on Form 20-F for the Year Ended December 31, 2020

    Luokung Technology Corp. (NASDAQ: LKCO) ("Luokung" or the "Company"), a leading interactive location-based services and big data processing technology company based in China, today announced that it has filed its annual report on Form 20-F for the year ended December 31, 2020, with the U.S. Securities and Exchange Commission ("SEC"). The annual report can be accessed at the SEC's website at www.sec.gov.

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  • Luokung Shares to Continue to Trade in the United States on the Nasdaq Stock Market

    Luokung Technology Corp. (NASDAQ: LKCO) ("Luokung" or the "Company"), a leading interactive location-based services and big data processing technology company based in China, announced earlier today that Luokung's previously announced motion for a preliminary injunction was granted by the United States District Court for the District of Columbia (the "Court"), and that as a result of the ruling, the Department of Defense and other government defendants are enjoined from implementing or enforcing the designation of Luokung as a Communist Chinese military company, and the resulting restrictions pursuant to Executive Order 13959.

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  • Luokung Announces Favorable Ruling Granting Preliminary Injunction

    Luokung Technology Corp. (NASDAQ: LKCO) ("Luokung" or the "Company"), a leading interactive location-based services and big data processing technology company based in China, today announced that Luokung's previously announced motion for a preliminary injunction was granted by the United States District Court for the District of Columbia (the "Court"). In its ruling, the Court explained that it was preliminarily enjoining "the prohibitions against Luokung in full." As a result of the ruling, the Department of Defense and other government defendants are enjoined from implementing or enforcing the designation of Luokung as a Community Chinese military company, and the resulting restrictions pursuant to Executive Order 13959.

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  • Luokung Announces Receipt of Nasdaq Notification Letter and a Request for Emergency Court Relief

    Luokung Technology Corp. (NASDAQ: LKCO) ("Luokung" or the "Company"), a leading interactive location-based services and big data processing technology company based in China, today announced that the Company received a notice from Nasdaq informing the Company that as a result of the Company being placed by the U.S. Department of Defense (the "DoD") on a list (the "Section 1237 List") of entities operating directly or indirectly in the United States and deemed to be "Communist Chinese military companies" ("CCMCs"), which are subject to certain restrictions under Executive Order 13959 (the "EO"), that trading of the Company's ordinary shares will be suspended at the opening of business on May 9, 2021, and that trading in the Company's securities will be halted at the end of the trading day (8:00 pm ET) on May 7, 2021.

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  • Luokung Regains Compliance with Nasdaq Minimum Bid Price Requirement

    Luokung Technology Corp. (NASDAQ: LKCO) ("Luokung" or the "Company"), a leading interactive location-based services and big data processing technology company in China, today announced that it received a letter from The Nasdaq Stock Market LLC notifying the Company that it has regained compliance with the Nasdaq Capital Market's minimum bid price requirement. The letter noted that as of April 8, 2021, the Company evidenced a closing bid price of its ordinary shares at or greater than the $1.00 per share minimum requirement for the last 20 consecutive business days, from March 11, 2021 through April 8, 2021. Nasdaq stated that accordingly, Luokung has regained compliance with Nasdaq Marketplace Rule 5550(a)(2), and Nasdaq considers the matter closed.

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  • Luokung Announces Closing on 100% Equity Interests of eMapGo Technologies

    Luokung Technology Corp. (NASDAQ: LKCO) ("Luokung" or the "Company"), a leading interactive location-based services and big data processing technology company in China, today announced the closing of the acquisition of eMapgo Technologies (Beijing) Co., Ltd. ("EMG"), a leading provider of navigation and electronic map services in China.

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  • LUOKUNG ANNOUNCES NASDAQ WITHDRAWAL OF DELISTING NOTICE AND CONFIRMATION THAT TRADING IN LUOKUNG ORDINARY SHARES WILL CONTINUE UNTIL MAY 8, 2021

    Luokung Technology Corp. (NASDAQ: LKCO) ("Luokung"), a leading interactive location-based services and big data processing technology company based in China, today announced receipt of a letter from the Department of the Treasury Office of Foreign Assets Control ("OFAC"). The letter confirms that any restrictions on U.S. persons to trade Luokung's securities or derivatives will not take effect until May 8, 2021, and that divestments will be permitted through March 9, 2022. OFAC has also confirmed that the U.S. Department of Defense ("DoD") has listed Luokung as a "Communist Chinese military company" ("CCMC") effective as of March 9, 2021, and that an earlier listing of the company as a CCMC under a misspelled name is no longer effective.

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  • Luokung Announces Filing of Motion for Temporary Restraining Order Seeking To Enjoin the U.S. Government from Enforcing Executive Order Restrictions

    Luokung Technology Corp. (NASDAQ: LKCO) ("Luokung" or the "Company"), a leading interactive location-based services and big data processing technology company based in China, today announced that the Company has filed a Motion for Temporary Restraining order ("TRO") with the U.S. Federal District Court for the District of Columbia ("Court").

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  • Luokung Initiates Federal Court Case Challenging the Trump Administration's Unlawful Designation of the Company

    Luokung Technology Corp. (NASDAQ: LKCO) ("Luokung" or the "Company"), a leading interactive location-based services and big data processing technology company based in China, today announced that it has filed a complaint together with two U.S. shareholders with the U.S. Federal District Court for the District of Columbia (the "Court"), alleging that Luokung's designation as a "Communist Chinese Military Company" ("CCMC") by the Trump Administration is unlawful. Luokung is asking the Court to declare that Luokung's CCMC designation is invalid and to enjoin the application of former President Trump's relevant Executive Order to Luokung.

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  • Luokung Has Sought Clarification on U.S. Persons' Trading Deadline and May Seek Removal from U.S. Department of Defense List

    Luokung Technology Corp. (NASDAQ: LKCO) ("Luokung" or the "Company"), a leading interactive location-based services and big data processing technology company in China, today announced that the Company has sought clarification of the deadline for U.S. persons to refrain from trading Luokung securities and derivatives. The deadline could be March 15, 2021 or May 27, 2021, depending on whether General License 1A (defined below) applies to the Company. This update relates to Luokung's previously issued statement: Luokung Announces Statement on Being Included in the Relevant List by the U.S Department of Defense.

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  • Luokung Technology Corp. Announces the Closing of $100 Million Registered Direct Offering Priced At-the-Market under Nasdaq Rules

    Luokung Technology Corp. (the "Company" or "Luokung") (NASDAQ: LKCO), today announced that on February 19, 2021, it closed its previously announced registered direct offering of (i) 48,076,923 ordinary shares and (ii) warrants to purchase 19,230,768 ordinary shares at a combined purchase price of $2.08. The gross proceeds to Luokung from this offering are approximately $100,000,000, before deducting placement agent fees and other estimated offering expenses. The warrants have an exercise price of $2.38 per share and expire three years from the date of issuance. The offering was priced at-the-market under Nasdaq rules.

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  • Luokung Technology Corp. Announces $100 Million Registered Direct Offering Priced at the Market under Nasdaq Rules

    Luokung Technology Corp. (the "Company" or "Luokung") (NASDAQ: LKCO), today announced that it has entered into a securities purchase agreement with certain institutional investors for a registered direct offering of $100 million of ordinary shares at a price of $2.08 per share. The price was set at market price in accordance with the rules of Nasdaq. The Company will issue a total of 48,076,923 ordinary shares to the institutional investors. As part of the transaction, the Company will also issue to the investors warrants ("Warrants") for the purchase of up to 19,230,768 ordinary shares at an exercise price of $2.38 per share, which Warrants will have a term of three years from the date of issuance.

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  • Luokung Technology Corp. Announces the Closing of a $15 Million Registered Direct Offering

    Luokung Technology Corp. (the "Company" or "Luokung") (NASDAQ: LKCO), today announced that it has closed a registred direct offering with certain institutional investors for $15 million of ordinary shares at a price of $0.888 per share. The Company issued a total of 16,891,892 ordinary shares and warrants for the purchase of up to 8,445,946 ordinary shares at an exercise price of $1.11 per share, which warrants will have a term of three years from the date of issuance.

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  • Luokung Technology Corp. Announces $15.0 Million Registered Direct Offering

    Luokung Technology Corp. (the "Company" or "Luokung") (NASDAQ: LKCO), today announced that it has entered into a securities purchase agreement with certain institutional investors for a registered direct offering of approximately $15.0 million of ordinary shares at a price of $0.888 per share. The Company will issue a total of 16,891,892 ordinary shares to the institutional investors. As part of the transaction, the Company will also issue to the investors warrants ("Warrants") for the purchase of up to 8,445,946 ordinary shares at an exercise price of $1.11 per share, which Warrants will have a term of three years from the date of issuance.

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  • Luokung Technology Corp. Announces the Closing of a $5.0 Million Registered Direct Offering

    Luokung Technology Corp. (the "Company" or "Luokung") (NASDAQ: LKCO), today announced that it has closed a registred direct offering with certain institutional investors for $5.0 million of ordinary shares at a price of $0.52 per share. The Company issued a total of 9,615,387 ordinary shares and warrants for the purchase of up to 4,807,694 ordinary shares at an exercise price of $0.68 per share, which warrants will have a term of three years from the date of issuance.

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  • Luokung Technology Corp. Announces $5.0 Million Registered Direct Placement

    Luokung Technology Corp. (the "Company" or "Luokung") (NASDAQ: LKCO), today announced that it has entered into a securities purchase agreement with certain institutional investors for a registered direct offering of $5.0 million of ordinary shares at a price of $0.52 per share. The Company will issue a total of 9,615,387 ordinary shares to the institutional investors. As part of the transaction, the Company will also issue to the investors warrants ("Warrants") for the purchase of up to 4,807,694 ordinary shares at an exercise price of $0.68 per share, which Warrants will have a term of three years from the date of issuance.

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  • Luokung Announces Partnership Between EMG and Leading Electric Vehicle Manufacturer BAIC BJEV to Jointly Develop Mapping Services for Autonomous Driving

    Luokung Technology Corp. (NASDAQ: LKCO) ("Luokung" or the "Company"), a leading interactive location-based services company in China, today announced that its previously announced acquisition candidate, eMapgo Technologies (Beijing) Co., Ltd. ("EMG") and Beijing New Energy Automobile Co., Ltd. (BAIC BluePark New Energy Technology Co., Ltd., Ticker: 600733.SH) ("BAIC BJEV") have agreed to collaborate on the development of autonomous driving projects for BAIC BJEV's electric vehicles (EVs).

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