UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM 6-K

 

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

 

For the month of June 2020

 

 

Commission File Number: 001-37871

 

 

Gridsum Holding Inc.

 

 

South Wing, High Technology Building

No. 229 North 4th Ring Road
Haidian District, Beijing 100083
People’s Republic of China

(86-10) 8261-9988

(Address, including zip code, and telephone number, including area code, of Registrant’s principal executive offices)

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F  x            Form 40-F  o

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):  o

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):  o

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

	Gridsum Holding Inc.
	By:	/s/ Ravi Sarathy
	Name:	Ravi Sarathy
	Title:	Chief Financial Officer

 

Date: June 10, 2020

 

2

 

Exhibit Index

 

Exhibit 99.1 — Press Release dated June 10, 2020

 

3

Exhibit 99.1

 

Gridsum Regains Compliance with NASDAQ Listing Requirement for Minimum Market Value of Publicly Held Shares

 

BEIJING, June 10, 2020 — Gridsum Holding Inc. (“Gridsum” or the “Company”) (NASDAQ:GSUM), a leading provider of cloud-based big-data analytics and artificial intelligence (“AI”) solutions in China, today announced that on June 9, 2020, it received a letter from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”), indicating that for the twenty consecutive trading days from May 11, 2020 to June 8, 2020, the Company’s Market Value of Publicly Held Shares (“MVPHS”) had been $15,000,000 or greater as required for continued listing on The Nasdaq Global Select Market. Accordingly, the Company has regained compliance with such requirement, and the matter is now closed.

 

As previously reported, on April 17, 2020 and May 1, 2020, the Company received notices from Nasdaq’s Listing Qualifications Department, indicating that the Company was not in compliance with the minimum bid price requirement of $1.00 per ADS and the minimum MVPHS requirement of $15,000,000, respectively, for continued listing on The Nasdaq Global Select Market.

 

After regaining compliance with the minimum MVPHS requirement, the Company intends to continue to monitor the bid price of its ADSs, and consider available options if its ADSs do not trade at a level likely to result in the Company regaining compliance with the minimum bid price requirement. However, there can be no assurance that the Company will be able to regain compliance or that Nasdaq will grant the Company a further extension of time to regain compliance, if necessary.

 

About Gridsum

 

Gridsum Holding Inc. (NASDAQ: GSUM) is a leading provider of cloud-based big-data analytics and AI solutions for multinational and domestic enterprises and government agencies in China. Gridsum’s core technology, the Gridsum Big Data Platform and the Gridsum Prophet: Enterprise AI Engine, is built on a distributed computing framework and performs real-time multi-dimensional correlation analysis of both structured and unstructured data. This enables Gridsum’s customers to identify complex relationships within their data and gain new insights that help them make better business decisions. The Company is named “Gridsum” to symbolize the combination of distributed computing (Grid) and analytics (sum). As a digital intelligence pioneer, the Company’s mission is to help enterprises and government organizations in China use data in new and powerful ways to make better-informed decisions and be more productive.

 

For more information, please visit http://www.gridsum.com/.

 

 

Safe Harbor Statement

 

This announcement contains forward-looking statements. These forward-looking statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as “may,” “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to” and similar statements. Forward-looking statements involve inherent risks and uncertainties. Many factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the substantial doubt about our ability to continue as a going concern, duration and impact of the COVID-19 pandemically, general economic conditions in China, unexpected difficulties in pursuit of our business strategy, unpredictable demand for solutions we have developed, difficulties keeping and strengthening relationships with existing customers or expanding our customer base, availability of additional capital when needed, uncertainties associated with our repayment of indebtedness and our ability to maintain listing for trading on The Nasdaq Stock Market, and uncertainty about the proposed going private transaction. Further information regarding these and other risks is included in Gridsum’s annual report on Form 20-F and other reports filed with, or furnished to, the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and Gridsum undertakes no duty to update such information except as required under applicable law.

 

Investor Relations

 

Gridsum
ir@gridsum.com

 

Christensen

 

In China
Mr. Christian Arnell
Phone: +86-10-5900-1548 
Email: carnell@christensenir.com

 

In U.S. 
Mr. Tip Fleming 
Phone: +1 917 412 3333 
Email: tfleming@christensenir.com