Luokung Technology Corp

Luokung Technology Corp. operates as a graphics data processing technology company. It engages in the provision of interactive location-based services. The firm's products include a location-based service, under the Luokung brand. It provides personalized and specific services to long distance travelers on the train and at the destination. The company was founded on October 27, 2009 and is headquartered in Beijing, China.

Luokung Technology Corp. is a graphics data processing technology company, which engages in the provision of interactive location-based services. It provides personalized and specific services to long distance travelers on the train and at the destination. The firm's products include a location-based service, under the Luokung brand. The company was founded on October 27, 2009 and is headquartered in Beijing, China.

BEIJING, Oct. 25, 2024 (GLOBE NEWSWIRE) -- 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 (“LBS”) and high-definition maps (“HD Maps”) in China, today announced that on October 23, 2024, the Company received two letters from the Nasdaq Stock Market LLC (“Nasdaq”).

Luokung Announces Receipt of Nasdaq Notices Regarding Periodic Filing Compliance and Stockholders' Equity Deficiency

BEIJING, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Luokung Technology Corp. (NASDAQ: LKCO) (“Luokung,” “we,” “our” or the “Company”), a British Virgin Islands company, reported that it expects to implement a 8-to-1 share combination on its ordinary shares effective Tuesday, September 17, 2024, with trading to begin on a split-adjusted basis at the market open on that day. Trading in the ordinary shares will continue on the Nasdaq Capital Market under the symbol “LKCO”. The new CUSIP number for the ordinary shares following the share combination is G56981 114.

Luokung Announces 8-to-1 Share Combination

BEIJING, May 14, 2024 (GLOBE NEWSWIRE) -- 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 (“LBS”) and high-definition maps (“HD Maps”) in China, today announced that on May 2, 2024, the Company received a notice from the NASDAQ Stock Market (the “Nasdaq Notice”), notifying the Company that it is not in compliance with the requirements for continued listing set forth in NASDAQ Listing Rule 5250(c)(1) because it did not timely file its annual report on Form 20-F for the year ended December 31, 2023 (the “2023 Annual Report”).

Luokung Receives NASDAQ Notice Related to Filing of Form 20-F

BEIJING, May 08, 2024 (GLOBE NEWSWIRE) -- 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 (“LBS”) and high-definition maps (“HD Maps”) in China, today announced that on May 2, 2024, the Company received an additional 180 calendar day extension (“Second Compliance Grace Period”) from Nasdaq's Listing Qualifications Department to meet Nasdaq's continuing listing requirements by maintaining a minimum bid price per share of $1.00 for a minimum of 10 consecutive trading days. The Company now has until October 28, 2024  to regain compliance.

Luokung Granted Extension to Meet Nasdaq Minimum Bid Price Requirement

BEIJING, Nov. 08, 2023 (GLOBE NEWSWIRE) --  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 (“LBS”) and high-definition maps (“HD Maps”) in China, today announced that it has received a notification letter from The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that it is not in compliance with the minimum bid price requirement set forth in Nasdaq Listing Rules 5550(a)(2) and 5810(c)(3)(A), which require that the closing bid price for the Company's ordinary shares listed on Nasdaq be maintained at a minimum of US$1.00 and failure to maintain it for 30 consecutive trading days constitutes a compliance deficiency.

Luokung Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price Deficiency

BEIJING , March 27, 2023 /PRNewswire/ -- Luokung Technology Corp. (NASDAQ: LKCO) ("Luokung," "we," "our" or the "Company"), a leading spatial-temporal intelligent big data services company and provider of interactive location-based services ("LBS") in China, today announced that it has signed a shares subscription agreement with a strategic investor CHINA ORIENT SMART ECOTECH INVESTMENT GROUP LIMITED ("COIG"), pursuant to which the Company agreed to issue a total of 5,469,019 restricted ordinary shares for an aggregate of USD220 million of strategic investment. The closing of the investment is in two tranches.

Luokung Announces Issuing 5.5 Million Shares to Obtain $220 Million Strategic Investment

BEIJING , March 21, 2023  /PRNewswire/ -- Luokung Technology Corp. (NASDAQ: LKCO) ("Luokung," "we," "our" or the "Company"), a British Virgin Islands company, reported that it expects to implement a 30-to-1 share combination on its ordinary shares effective Tuesday, March 22, 2023, with trading to begin on a split-adjusted basis at the market open on that day. Trading in the ordinary shares will continue on the Nasdaq Capital Market under the symbol "LKCO".

Luokung Announces 30-to-1 Share Combination

BEIJING , January 10, 2023 /PRNewswire/ -- 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 ("LBS"), today announced that on January 4, 2023, the Company received notice from the Listing Qualifications Department (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq") indicating that, based upon the Company's non-compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) (the "Rule") as of January 3, 2023, the Company's securities would be delisted from Nasdaq unless the Company timely requests a hearing before the Nasdaq Hearings Panel. The Company plans to timely request a hearing before the Panel, which request will stay any further delisting action by Nasdaq at least pending the hearing and the expiration of any extension that may be granted by the Panel following the hearing.

Luokung Receives Nasdaq Listing Determination Company to Request Hearing

Luokung Technology Corp LKCO shares are trading lower by 7.21% to $0.15 Thursday afternoon, selling off following Wednesday's strength, after the company announced it launched a "carbon emission and carbon neutrality" data service with more than $70 million in forecasted revenue.

What's Going On With Luokung Technology Stock - Luokung Technology (NASDAQ:LKCO)

BEIJING , Dec. 28, 2022 /PRNewswire/ -- 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 ("LBS") in China, today announced that its operating affiliate, Luokung Remote Sensing Technology Co., Ltd. ("Luokung Remote Sensing") has signed agreements with the government of PingYuan county, MeiZhou city in Guangdong province to provide carbon sink project development and carbon emission and carbon neutrality data services covering the entire county, including but not limited to the fields of forestry, agriculture, grasslands, wetlands, clean energy and industry.

Luokung Launches "Carbon Peaking and Carbon Neutrality" Data Service with More than US$70 Million in Forecasted Revenue

BEIJING , Dec. 27, 2022 /PRNewswire/ -- Luokung Technology Corp. (NASDAQ: LKCO) ("Luokung," "we," "our" or the "Company"), today announced preliminary revenue results for the six months ended June 30, 2022, which remain subject to semi-annual period end closing adjustments. Luokung achieved record total revenue for the six months ended June 30, 2022 of approximately $62.8 million, compared to $37.8 million in the prior-year period.

Luokung Announces Financial Results for First Half 2022, Reports Record Revenues of Approximately $62.8 Million for the Period

BEIJING , Sept. 29, 2022 /PRNewswire/ -- 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 ("LBS") in China, today announced that the Company's operating affiliate, eMapgo Technologies (Beijing) Co., Ltd.

Luokung Affiliate eMapgo has been Certified as Service Provider of the First Intelligent Transportation Pilot Applications Projects by Ministry of Transport of China

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BEIJING , Aug. 18, 2022 /PRNewswire/ -- 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 ("LBS") in China, today announced that its operating affiliate eMapGo Technology (Beijing) Co., Ltd. ("EMG"), a leading provider of navigation and electronic map services in China, has received the Microsoft FY22 Top App Innovation Partner Award.

Luokung Affiliate eMapGo Wins 2022 Microsoft Top App Innovation Partner Award

BEIJING , Aug. 16, 2022 /PRNewswire/ -- 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 ("LBS")  in China, today announced that its operating affiliate eMapGo Technology (Beijing) Co., Ltd. ("EMG"), a leading provider of navigation and electronic map services in China, has received the 2022 Enterprise with the Greatest Growth Potential in the Geospatial Industry Award from the China Association for Geospatial Industry and Sciences ("CAGIS"), recognizing EMG's compound growth rate of 122.5% over the past three years in its geospatial business.

Luokung Affiliate eMapGo Wins a China Association for Geospatial Industry and Sciences 2022 Enterprise Growth Award

BEIJING , Aug. 3, 2022 /PRNewswire/ -- 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 ("LBS") and high-definition maps ("HD Maps") in China, today announced that Luokung's independently developed digital twin visualized highway management and control platform (the "platform") has passed the road operation inspection for a pilot demonstration project on the Shanghai-Wuhan Expressway. The platform also passed the review by members of the Chinese Academy of Engineering ("CAE") and traffic safety related area experts, which ruled that the platform, as a product, has reached the international advanced level, significantly improving the efficiency of highway safety operation management and driving safety.

Luokung's Digital Twin Intelligent Highway Management and Control Platform Passes Expressway Operation Inspection and Expert Committee Review

BEIJING , July 28, 2022 /PRNewswire/ -- Luokung Technology Corp. (the "Company" or "Luokung") (NASDAQ: LKCO), today announced that on July 28, 2022, it closed its previously announced registered direct offering of (i) 26,666,667 ordinary shares and (ii) warrants to purchase 26,666,667 ordinary shares at a combined purchase price of $0.30. The gross proceeds to Luokung from this offering are approximately $8 million, before deducting placement agent fees and other estimated offering expenses.

Luokung Technology Corp. Announces the Closing of $8 Million Registered Direct Offering

BEIJING , July 26, 2022 /PRNewswire/ --  Luokung Technology Corp. (the "Company" or "Luokung") (NASDAQ: LKCO), today announced that it has entered into certain securities purchase agreements with certain institutional investors for a registered direct offering of $8 million of ordinary shares at a price of $0.30 per share. The Company will issue a total of 26,666,666 ordinary shares to the institutional investors.

Luokung Technology Corp. Announces $8 Million Registered Direct Offering

BEIJING, July 25, 2022 /PRNewswire/ -- 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 ("LBS") and high-definition maps("HD Maps")in China, today announced that it has signed an agreement with the government of Jiujiang District, Wuhu City in Anhui Province for an intelligent networking based vehicle/ship autonomous driving project. Hongdajiutong Technology Development Co.,Ltd.

Luokung Signs Agreement for its First Intelligent Networking Vehicle/Ship Autonomous Driving Project, Marking its Entry into the Intelligent Shipping and Land Transportation Market

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BEIJING , June 29, 2022 /PRNewswire/ -- 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 ("LBS") and high-definition maps ("HD Maps") in China, today announced that its operating affiliate eMapGo Technology (Beijing) Co., Ltd. ("EMG"), a leading provider of navigation and electronic map services in China, has signed an agreement to continue to provide autonomous driving data services for Zenseact after EMG obtained the Phase I project in September of 2021.

Luokung Affiliate eMapGo Continues Providing Autonomous Driving Data Services for Zenseact

BEIJING , June 29, 2022 /PRNewswire/ -- Luokung Technology Corp. (NASDAQ: LKCO) ("Luokung," "we," "our" or "us"), a leading spatial-temporal intelligent big data services company and provider of interactive location-based services ("LBS") and high-definition maps ("HD Maps") in China, today announced that a business demonstration deck is available on the Investors section of its corporate website, https://www.luokung.com.  About Luokung Technology Corp. Luokung Technology Corp. is a leading spatial-temporal intelligent big data services company, as well as a leading provider of LBS and HD Maps for various industries in China.

Luokung Announces Business Demonstration Deck

BEIJING , June 16, 2022 /PRNewswire/ -- Luokung Technology Corp. (NASDAQ: LKCO) ("Luokung," "we," "our" or "us"), a leading spatial-temporal intelligent big data services company and provider of interactive location-based services ("LBS") and high-definition maps ("HD Maps") in China, today announced the closing of the previously announced acquisition of Beijing Hongdajiutong Technology Development Co., Ltd. ("HDtraffic"), a leading big data service provider for intelligent transportation and connected vehicles in China.

Luokung Announces Affiliate HDtraffic Jointly Building Data Middle Station with One of China's Leading Automobile Manufacturers, Begins Providing Commercial Services

BEIJING , June 8, 2022 /PRNewswire/ -- Luokung Technology Corp. (NASDAQ: LKCO) ("Luokung," "we," "our" or "us"), a leading spatial-temporal intelligent big data services company and provider of interactive location-based services ("LBS") and high-definition maps ("HD Maps") in China, today announced that its operating affiliate eMapgo Technology (Beijing) Co., Ltd. ("EMG"), a leading provider of navigation and electronic map services in China, has signed a software service contract to provide a digital twin service system, HD Map geographic information services and vehicle-road collaboration ("V2X") services for the smart highway monitoring center of the Heze section of the Puyang-Yangxin Expressway ("Puxin Expressway Heze Section"), which extends more than 400 kilometers from Puyang, Henan Province to Yangxin, Shandong Province.

Luokung Affiliate eMapgo Commercializes Its Expressway Digital Twin Software Services for Puxin Expressway Heze Section

BEIJING , May 26, 2022 /PRNewswire/ -- Luokung Technology Corp. (NASDAQ: LKCO) ("Luokung," "we," "our" or "us"), a leading spatial-temporal intelligent big data services company and provider of interactive location-based services ("LBS") and high-definition maps ("HD Maps") in China, today made available the following open letter to shareholders from Mr. Xuesong Song, our Chairman and CEO, regarding Luokung's business strategy and outlook for 2022 and beyond: To all of Luokung's shareholders, We are incredibly proud of our progress in 2021, which was highlighted by record revenue of over $145 million, more than seven times that in 2020.

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