(Exact
name of registrant as specified in its
charter)
Delaware
87-0700927
(State
of incorporation or organization)
(I.R.S.
Employer Identification No.)
Jinhua
City Industrial Zone
Jinhua,
Zhejiang Province
People’s
Republic of China
Post
Code 321016
(Address
of principal executive offices)
Securities
to be registered pursuant to Section 12(b) of the Act:
Title
of each class
Name
of each exchange on which
to
be so registered
each
class is to be registered
Common
Stock, par value $0.001
The
NASDAQ Stock Market LLC
If
this
form relates to the registration of a class of securities pursuant to Section
12(b) of the Exchange Act and is effective pursuant to General Instruction
A.(c), check the following box. x
If
this
form relates to the registration of a class of securities pursuant to Section
12(g) of the Exchange Act and is effective pursuant to General Instruction
A.(d), check the following box. o
Securities
Act registration statement file number to which this form relates: (if
applicable)
Securities
to be registered pursuant to Section 12(g) of the Act:
NONE
(Title
of class)
Item
1. Description of Registrant's Securities to be
Registered.
The
following is a summary of the material terms of the common stock of Kandi
Technologies, Corp., a Delaware corporation (the “Company”). This summary is
subject to and qualified in its entirety by the Certificate of Incorporation
and
Bylaws of the Company, as amended, and by the applicable provisions of Delaware
law.
Each
outstanding share of common stock entitles the holder thereof to one vote per
share on all matters submitted to a stockholder vote. Holders of common stock
do
not have cumulative voting rights. Therefore, holders of a majority of the
shares of common stock voting for the election of directors can elect all of
the
directors. Holders of our common stock representing a majority of the voting
power of our capital stock issued and outstanding and entitled to vote,
represented in person or by proxy, are necessary to constitute a quorum at
any
meeting of our stockholders. A vote by the holders of a majority of our
outstanding shares is required to effectuate certain fundamental corporate
changes such as liquidation, merger or an amendment to the Certificate of
Incorporation of the Company.
Holders
of common stock are entitled to share in all dividends that the Board of
Directors of the Company (the “Board”), in its discretion, declares from legally
available funds. Although the Company intends to retain our earnings, if any,
to
finance the growth of its business, the Board will have the discretion to
declare and pay dividends in the future. Payment of dividends in the future
will
depend upon our earnings, capital requirements, and other factors, which the
Board may deem relevant.
In
the
event of any liquidation, dissolution or winding up, the holders of common
stock
are entitled to a pro-rata share of all assets remaining after payment in full
of all liabilities and preferential payments, if any, to holders of preferred
stock. Holders of common stock have no preemptive rights to purchase our common
stock. There are no conversion or redemption rights or sinking fund provisions
with respect to our common stock.
All
of
the issued and outstanding shares of the common stock are duly authorized,
validly issued, fully paid and non-assessable. To the extent that additional
shares of the registrant's common stock are issued, the relative interests
of
existing stockholders will be diluted.
Item
2. Exhibits.
Under
the
Instructions as to Exhibits with respect to Form 8-A, no exhibits are required
to be filed because no other securities of the Registrant are listed by The
NASDAQ Stock Market LLC and the securities registered hereby are not being
registered pursuant to Section 12(g) of the Securities Exchange Act of 1934,
as
amended.
SIGNATURE
Pursuant
to the requirements of Section 12 of the Securities Exchange Act of 1934, the
registrant has duly caused this registration statement to be signed on its
behalf by the undersigned, thereto duly authorized.
