DoD Relieves Luokung Technology From Communist Chinese Military Company Designation, Company Says

June 15, 2021 9:27 AM | 1 min read

Chinese interactive location-based services and big data processing technology company Luokung Technology Corp LKCO announced the U.S. Department of Defense's (DoD) removal of the company's designation as a Communist Chinese Military Company.
Luokung and its shareholders were no longer subject to any restrictions.
Luokung and the government Defendants had filed a joint stipulation to have the company's lawsuit challenging the designation dismissed, closing the case.
Luokung regained eligibility for inclusion in the FTSE GEIS (Micro Cap) index and expects to be re-included on June 21, 2021.
Price action: LKCO shares traded lower by 0.45% at $2.25 in the premarket session on the last check Tuesday.

Posted In: Government News Penny Stocks Regulations Small Cap Tech Media Briefs Department of Defense

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