Vestand Inc. has received a notice from the Nasdaq Listing Qualifications Department indicating that it is not in compliance with the exchange’s $1.00 minimum bid price requirement for continued listing. The company’s Class A Common Stock has closed below $1.00 for 30 consecutive business days, triggering the notice. Vestand has 180 calendar days, until June 10, 2026, to regain compliance by maintaining a closing bid price of at least $1.00 per share for ten consecutive business days. If the company fails to meet this requirement but satisfies other listing standards, it may be eligible for an additional 180-day compliance period, potentially by conducting a reverse stock split. Failure to comply could result in delisting from the Nasdaq Capital Market.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Vestand Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-25-028108), on December 17, 2025, and is solely responsible for the information contained therein.
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