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Visionary Holdings Inc. Announces Receipt of Nasdaq Minimum Bid Price Notification
TORONTO, April 10, 2026 (GLOBE NEWSWIRE) -- Visionary Holdings Inc. (NASDAQ: GV) (“Visionary” or the “Company”) today announced that it received a notification letter dated April 7, 2026 from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”), indicating that the Company is not in compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) for continued listing on the Nasdaq Capital Market. According to the notification letter, the c
About this update from Visionary Holdings Inc.
[{"type":"text","content":"TORONTO, April 10, 2026 (GLOBE NEWSWIRE) -- Visionary Holdings Inc. (NASDAQ: GV) (“Visionary” or the “Company”) today announced that it received a notification letter dated April 7, 2026 from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”), indicating that the Company is not in compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) for continued listing on the Nasdaq Capital Market.","length":456,"tagName":"p"},{"type":"text","content":"According to the notification letter, the closing bid price of the Company’s common shares was below US$1.00 per share for 30 consecutive business days, from February 23, 2026 to April 6, 2026.","length":193,"tagName":"p"},{"type":"text","content":"The notification has no immediate effect on the listing of the Company’s common shares, which will continue to trade on the Nasdaq Capital Market under the symbol “GV.”","length":168,"tagName":"p"},{"type":"text","content":"In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided an initial compliance period of 180 calendar days, or until October 5, 2026, to regain compliance with the minimum bid price requirement. If at any time during this compliance period the closing bid price of the Company’s common shares is at least US$1.00 per share for a minimum of ten consecutive business days, Nasdaq will provide written confirmation that the Company has regained compliance and the matter will be closed.","length":510,"tagName":"p"},{"type":"text","content":"If the Company does not regain compliance by October 5, 2026, the Company may be eligible for an additional 180-calendar-day compliance period, subject to satisfying the continued listing requirement for market value of publicly held shares and all other initial listing standards for the Nasdaq Capital Market, except for the bid price requirement, and providing written notice of its intention to cure the deficiency, if necessary, by effecting a reverse stock split.","length":469,"tagName":"p"},{"type":"text","content":"The Company intends to actively monitor the closing bid price of its common shares and will consider all available options to regain compliance with Nasdaq’s minimum bid price requirement within the prescribed compliance period.","length":228,"tagName":"p"},{"type":"text","content":"About Visi...