SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of November 2018
Commission File Number: 001-37871
Gridsum Holding Inc.
Jade Palace Hotel Office Building, 8th Floor
76 Zhichun Road
Haidian District, Beijing 100086
Peoples Republic of China
(Address, including zip code, and telephone number, including area code, of Registrants 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 ☒ Form 40-F ☐
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): ☐
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): ☐
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.|
|Name:||Michael Peng Zhang|
|Title:||Co-Chief Financial Officer|
Date: November 23, 2018
Exhibit 99.1 Press Release dated November 23, 2018
Gridsum Announces Nasdaq Stay Request Granted
BEIJING, November 23, 2018 Gridsum Holding Inc. (Gridsum or Company) (Nasdaq: GSUM), announced that the Nasdaq Hearings Panel (the Panel) has granted the Companys request for a further stay of any suspension action by Nasdaq pending the issuance of the Panels determination regarding the Companys listing status following the hearing.
On November 6, 2018, the Company requested a hearing before the Panel to appeal the delisting determination from the staff of the Listing Qualifications Department of Nasdaq (the Staff), which automatically stayed the delisting of the Companys securities for 15 calendar days or until November 21, 2018. At the time of the request, the Company also requested an extension of the stay beyond the 15-day period. On November 21, 2018, the Panel notified the Company that it had granted the request to extend the stay, allowing for the continued trading of the Companys American depositary shares on Nasdaq until a final determination regarding the Companys listing status is issued after its hearing. The Companys hearing before the Panel is scheduled for December 13, 2018.
The Company continues to make significant progress in working with its independent auditors to finalize its audited financial statements as of and for the years ended December 31, 2015, 2016 and 2017, and to file its annual report on form 20-F for the year ended December 31, 2017.
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. Gridsums core technology, the Gridsum Big Data Platform, is built on a distributed computing framework and performs real-time multi-dimensional correlation analysis of both structured and unstructured data. This enables Gridsums 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 Companys 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.
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. Among other things, express or implicit statements about the potential delisting of the Companys American depositary shares, and the Companys plan to file its 2017 Annual Report on Form 20-F, are forward-looking statements. Many factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to uncertainty about whether a stay of delisting will be granted, potential difficulties in completing the audit of its financial statements, and potential difficulties in finalizing and filing its 2017 Annual Report on Form 20-F. Further information regarding these and other risks is included in Gridsums reports filed with, or furnished to, the 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.
For more information please visit http://www.gridsum.com/.
Mr. Christian Arnell
Mr. Tip Fleming
Phone: +1 917 412 3333