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

Scienjoy Warrants to Be Delisted From Nasdaq; Ordinary Shares Unaffected

Neutral Impact 5 of 5 legal/regulatory Written later

Scienjoy Holding Corporation received a Nasdaq notice that its warrants did not meet the round lot holder requirement after its May 7, 2020 business combination with Scienjoy Inc. The company did not appeal, and Nasdaq will delist the warrants, which now trade on the OTCQB; the company says the warrant terms are unchanged, while its ordinary shares continue to trade on the Nasdaq Capital Market under "SJ."

Key points

  • Nasdaq found the warrants lacked at least 100 round lot holders, as required by Listing Rule 5515(a)(4), after the May 7, 2020 business combination.
  • The company did not appeal; Nasdaq announced the warrant delisting on June 8, 2020 and filed Form 25 on June 9, 2020.
  • Warrants trade on the OTCQB under "SJOYW" after Nasdaq trading was suspended on June 2, 2020.
  • Warrant terms are not affected and the warrants can still be exercised for ordinary shares; the ordinary shares are not affected.

The filing

CompanyScienjoy Holding Corp (SJ)
Form8-K, current report
Filed with the SECJun 11, 2020, 3:20 PM ET
Accession number0001213900-20-014679

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 June 11, 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.