Vestand Inc. (VSTD): Nasdaq/NYSE listing notice — Yoshiharu Global (YOSH) receives Nasdaq bid price deficiency notice; 180-day cure period

Vestand Inc.

On June 16, 2023, Nasdaq notified YOSH that bid price was below $1.00 for 30 consecutive business days.
Company has until December 13, 2023 to regain compliance by closing at $1.00 for 10 consecutive business days.
If not cured within 180 days, YOSH may qualify for another 180-day period if it meets other standards and considers a reverse split.
Failure to cure could lead to delisting; company may appeal but no guarantee of continued listing.
Management is evaluating options to regain compliance, including a potential reverse stock split.

item 3.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Vestand Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2), 5810(c)(3)(A)

Exact text from the filing

June 16, 2023, Yoshiharu Global Co., a Delaware corporation (the “Company”) received a notification letter from the Nasdaq Listing Qualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that the minimum bid price per share for its common stock has been below $1.00 for a period of 30 consecutive business days and the Company therefore no longer meets the minimum bid price requirements set forth in Nasdaq Listing Rule 5550(a)(2). The notification received has no immediate effect on the listing of the Company’s common stock on Nasdaq. Under Nasdaq Listing Rule 5810(c

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Source: SEC EDGAR

accession 0001493152-23-022601

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