NASDAQ-NMS:LKCO

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

Retrieved on: 
Monday, March 27, 2023
Internet of things, Verizon Communications, Security (finance), Management

Mr. Xuesong Song, Chairman and CEO of Luokung, stated "We are delighted to announce that our company has successfully secured a long-term strategic investment from COIG.

Key Points: 
  • Mr. Xuesong Song, Chairman and CEO of Luokung, stated "We are delighted to announce that our company has successfully secured a long-term strategic investment from COIG.
  • As a strategic investment shareholder of Verizon Connect in China, COIG will strongly support our business development in the fields of autonomous driving and vehicle-road coordination."
  • "This financing is a win-win solution that brings value to our long-term strategic investment partner, the Company's shareholders, and all parties involved.
  • With this strategic investment, we look forward to seeing rapid development in areas of autonomous driving, vehicle-road coordination, and carbon-neutral data services.

Luokung Announces 30-to-1 Share Combination

Retrieved on: 
Tuesday, March 21, 2023
CUSIP, Articles of association, Corporate Affairs, British Virgin Islands, Virgin Islands, Security (finance)

The new CUSIP number for the ordinary shares following the share combination is G56981 205.

Key Points: 
  • The new CUSIP number for the ordinary shares following the share combination is G56981 205.
  • Upon the effectiveness of the share combination, every 30 shares of the Company's issued and outstanding ordinary shares will automatically be combined into one issued and outstanding ordinary share.
  • No fractional shares will be issued as a result of the share combination.
  • The share combination at a ratio of 30-to-1 shares was approved by the Company's board of directors and its members.

Luokung Receives Nasdaq Listing Determination Company to Request Hearing

Retrieved on: 
Tuesday, January 10, 2023
Calendar, Panel, Rule, Staff, Hearing, Financial adviser

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.

Key Points: 
  • 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.
  • There can be no assurance however that the Panel will grant the Company's request for continued listing or that the Company will be able to evidence compliance with the Rule and all other applicable criteria for continued listing on Nasdaq within the period of time that may be granted by the Panel.
  • Thereafter, on July 6, 2022, in accordance with the Nasdaq Listing Rules, the Staff granted the Company an additional 180 calendar day extension to regain compliance with the Rule.

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

Retrieved on: 
Wednesday, December 28, 2022
Natural Resources, Travel, Pingyuan, Forestry, Carbon, Agriculture, Economic development, Government, Meizhou, LBS, Wetland, City, Forecasting, Renewable energy

Luokung's carbon peaking and carbon neutrality ("dual carbon") data service model, which includes the PingYuan project, has been replicated in several counties across the country.

Key Points: 
  • Luokung's carbon peaking and carbon neutrality ("dual carbon") data service model, which includes the PingYuan project, has been replicated in several counties across the country.
  • Forecasting based on existing contracts, we project that over 10 million tons of carbon assets will be traded on the market in the next five years, with revenue of more than US$70 million for the company.
  • The Company expects its new product to meet the needs of local governments to achieve positive outcomes for natural resource conservation and economic development.
  • Luokung Technology Corp. is a leading spatial-temporal intelligent big data services company, as well as a leading provider of LBS for various industries in China.

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

Retrieved on: 
Tuesday, December 27, 2022
POI, Travel, GIS, AOI, Advertising, AI, Transport, Growth, Nature, Carbon, Data management, LBS, Algorithm, City, Artificial intelligence, Cryptocurrency

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.

Key Points: 
  • 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.
  • For the six months ended June 30, 2022, revenue from smart transportation was $4.0 million, an increase of $2.2 million, or 121.6%, from $1.8 million for the six months ended June 30, 2021.
  • Mr. Xuesong Song, Chairman and CEO, stated, "In the first half of the 2022 fiscal year, our revenue was $62.81 million, a 66.0% increase from $37.83 million for the same period of the 2021 fiscal year.
  • We are very pleased with our market growth in 2022, which has enabled us to achieve record revenues during this period.

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

Retrieved on: 
Thursday, September 29, 2022
Transport, Carbon, Efficiency, City, Ministry, Contract, Company, Acquisition, American Congress on Surveying and Mapping, Industry, Forward-looking statement, Travel, Mapping, Internet, National, LBS, EMG, Board of directors, NASDAQ, SDHS, Board, HD, VIE, V2X, Mobile phone

Dr. Chuanjiu Wang, the Company's intelligent transportation expert and the leader of China's transportation information service industry, and his team is responsible for the overall design.

Key Points: 
  • Dr. Chuanjiu Wang, the Company's intelligent transportation expert and the leader of China's transportation information service industry, and his team is responsible for the overall design.
  • SDHS is a leading comprehensive infrastructure service provider with registered capital of CNY45.9 billion and total assets of over CNY1 trillion.
  • 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.
  • EMG possesses the National Class-A qualification certificates of navigable Surveying and Mapping, and actively develops autonomous driving and HD Map services.

Luokung Affiliate eMapGo Wins 2022 Microsoft Top App Innovation Partner Award

Retrieved on: 
Thursday, August 18, 2022
Cloud computing, City, Travel, Internet, Industry, Carbon, CEO, VIE, Forward-looking statement, Growth, LBS, Microsoft, Company, American Congress on Surveying and Mapping, Contract, Acquisition, Partnership, Transport, NASDAQ, Artificial intelligence, Technology, Mapping, National, EMG, SIOS Technology Corp., Video game console

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 thatits operating affiliate eMapGo Technology (Beijing) Co., Ltd. ("EMG"), a leading provider of navigation and electronic map services in China, has received the Microsoft FY22 TopApp Innovation Partner Award.

Key Points: 
  • 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 thatits operating affiliate eMapGo Technology (Beijing) Co., Ltd. ("EMG"), a leading provider of navigation and electronic map services in China, has received the Microsoft FY22 TopApp Innovation Partner Award.
  • EMG has served as a Microsoft independent software vendor ("ISV") partner since 2019, working with Microsoft in support of promoting the commercialization process for autonomous driving and digital transformation for Chinese clients in the automobile industry.
  • Mr. Xuesong Song, Luokung's Chairman and CEO, stated, "We are pleased to be recognized by our partner Microsoft.
  • Over the course of the past three years, we have established and continued to strengthen our partnership with Microsoft in areas in which EMG specializes."

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

Retrieved on: 
Tuesday, August 16, 2022
Civil affairs, Association, City, Ministry of Natural Resources of the People's Republic of China, Travel, Natural Resources, Carbon, Internet, CEO, VIE, Forward-looking statement, Growth, Geomatics, LBS, Research, Company, American Congress on Surveying and Mapping, Contract, Acquisition, Ministry, NASDAQ, Mapping, Ministry of Civil Affairs, National, EMG, Risk management

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 thatits 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.

Key Points: 
  • 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 thatits 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.
  • The Company ranked second in compound growth rate among approximately 50 companies that were recognized with this honor.
  • Mr. Xuesong Song, Luokung's Chairman and CEO, stated, "We are thrilled that EMG's growth in recent years has been recognized by CAGIS.
  • Luokung Technology Corp. is a leading spatial-temporal intelligent big data services company, as well as a leading provider of LBS for various industries in China.

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

Retrieved on: 
Wednesday, August 3, 2022
Travel, MARK IVB Meteorological Data Station AN/UMQ-13, Efficiency, Algorithm, Chinese Academy of Sciences, Joint FAO/WHO Expert Committee on Food Additives, Weather, G4221 Shanghai–Wuhan Expressway, Engineering, HD, The Committee, Company, SIOS Technology Corp., Review, LBS, Committee, Safety, Deep learning, Transport, City, Science, Forward-looking statement, Solution, Research, Artificial intelligence, Information, CEO, Carbon, CAE, Chinese Academy of Engineering, NASDAQ, Technology, Mobile phone, Road

The platform incorporates Luokung's patented technology, intelligent digital monitoring and early warning system for severe weather conditions, based on HD Maps, satellite imaging and other holographic spatial-temporal data.

Key Points: 
  • The platform incorporates Luokung's patented technology, intelligent digital monitoring and early warning system for severe weather conditions, based on HD Maps, satellite imaging and other holographic spatial-temporal data.
  • The platform achieved a forecast and monitoring accuracy rate of 100%, subsequently passing the review by the expert committee (the "Committee") organized by Anhui Traffic Control Construction Management Co., Ltd, the operating department of the Anhui section of the Shanghai-Wuhan Expressway.
  • Mr. Xuesong Song, Luokung's Chairman and CEO, stated, "Based on our digital twin technology, Luokung digitally and dynamically visualizes all spatial and temporal elements and scenes on the expressway, introducing a digital twin product.
  • With the introduction of this platform, Luokung is providing a smart transportation solutions product to improve expressway operation and management safety and efficiency, while increasing the passing rate of vehicles.

Luokung Technology Corp. Announces $8 Million Registered Direct Offering

Retrieved on: 
Tuesday, July 26, 2022
HD, Sale, Carbon, LBS, U.S. Securities and Exchange Commission, Forward-looking statement, SEC, Warrant, Travel, Prospectus, NASDAQ, Technology, Company, Security (finance), SIOS Technology Corp., Form 6-K, City, Form

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.

Key Points: 
  • 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 net proceeds from this offering will be used for working capital and general corporate purposes.
  • The offering is expected to close on or about July 28, 2022, subject to the satisfaction of customary closing conditions.
  • A prospectus supplement to such prospectus relating to and describing the terms of the registered direct offering will be filed with the SEC.