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AI brief of an SEC Form 8-K · Scienjoy Holding Corp (SJ)

Scienjoy to Delist Warrants From Nasdaq on June 2, 2020 Over Holder Count

Neutral Impact 5 of 5 legal/regulatory Written later

Scienjoy Holding received a Nasdaq notice that its warrants lack the required 100 round lot holders following its May 7, 2020 business combination with Scienjoy Inc. The company does not intend to appeal, so the warrants will be suspended on June 2, 2020 and removed from Nasdaq, though their exercise terms are unchanged and the ordinary shares (SJ) remain listed.

Key points

  • Nasdaq notice dated May 22, 2020 cited lack of at least 100 round lot warrant holders under Listing Rule 5515(a)(4)
  • Company does not intend to appeal; warrants suspended at market open on June 2, 2020
  • Warrants expected to trade on OTC Markets Group after delisting
  • Warrant terms unchanged; ordinary shares under symbol SJ on Nasdaq Capital Market are not affected

The filing

CompanyScienjoy Holding Corp (SJ)
Form8-K, current report
Filed with the SECMay 29, 2020, 11:50 AM ET
Accession number0001213900-20-013662

Items reported: 3.01 Delisting / Listing Rule Notice

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:43 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 29, 2020.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.