Gold prices buoyed by tariff fears; US duties on 1-kilo bars spur supply concerns
In a regulatory disclosure today, D-Market Electronic Services & Trading, known for its retail catalog and mail-order operations, has filed a Form 6-K with the United States Securities and Exchange Commission. The document, dated April 16, 2025, provides the latest updates required by foreign private issuers in compliance with SEC regulations.
The filing, submitted by the Istanbul-based company, known as 07 Trade & Services in its organization name, is a routine requirement for foreign businesses that are publicly traded in the U.S. markets. D-Market’s CEO Nilhan Gökçetekin and CFO M. Seçkin Köseoğlu have both signed the report, affirming the company’s compliance with the 1934 Securities Exchange Act.
The Form 6-K serves as a communication tool to inform the SEC and investors of the company’s ongoing business activities and financial status. This particular filing does not detail specific financial results or operational changes but is part of D-Market’s regular reporting cycle.
Headquartered in the Trump Towers in the Sisli district of Istanbul, D-Market operates under the SIC code 5961, which categorizes it among retail-catalog and mail-order houses. The company’s business address and mail address are both listed in the filing, providing transparency and accessibility for regulatory purposes.
The document confirms that D-Market will continue to file annual reports under the cover of Form 20-F, which is the standard reporting form for foreign private issuers holding equity shares on American exchanges. This ensures that the company maintains the level of disclosure expected by the SEC and provides investors with a comprehensive view of its financial health and operations. While the stock has shown significant volatility, delivering an impressive 114% return over the past year, InvestingPro subscribers can access 14 additional key insights and a detailed Pro Research Report, offering deeper analysis of the company’s performance and prospects.
Investors and stakeholders can find the press release associated with this filing as Exhibit 99.1 in the SEC submission. This filing is based on a press release statement and does not include new financial data or forward-looking statements.
D-Market’s adherence to SEC filing requirements underscores its commitment to transparency and regulatory compliance as it operates within the U.S. financial markets. The company’s next earnings report is expected on June 9, 2025, which will provide further insights into its operational performance and strategic initiatives.
In other recent news, Hepsiburada, officially known as D-Market Electronic Services & Trading, has completed a bond issuance through its subsidiary Hepsi Finansman A.Ş., raising TRY 100 million. The bonds, sold to domestic qualified investors, carry an annual interest rate of 43.00% and will mature in six months. This issuance is part of a broader program approved by the Capital Markets Board, allowing Hepsifinans to issue up to TRY 1,050,000,000 in bonds or bills within a year. In governance news, Hepsiburada announced significant changes following its Extraordinary General Assembly Meeting, including the election of six new board members and the removal of privileges previously associated with Class A shares. Mikheil Lomtadze was appointed as the new Chairman of the Board, and Yuri Didenko as Vice Chairman, with the board now reduced to nine members. Additionally, Hepsiburada has appointed Gunes Akman Ozcan as General Counsel and Corporate Secretary, effective January 1, 2025. In compliance updates, the company has filed a 6-K form with the Securities and Exchange Commission, providing a corporate update as part of its reporting obligations as a foreign private issuer. This filing ensures transparency and keeps investors informed about the company’s ongoing performance and strategic direction.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.