Vestand Inc. (VSTD): Nasdaq/NYSE listing notice — Vestand receives Nasdaq delisting notice for failing to maintain $1 bid price; hearing scheduled

Vestand Inc.

Nasdaq letter dated June 12, 2026, stating company did not regain minimum bid price compliance by June 10, 2026 deadline.
Company is not eligible for an additional 180-day compliance period; deficiency will be considered by Nasdaq Hearings Panel.
Company already faces a separate staff delisting determination for failure to file quarterly/annual reports, appealed with a hearing.
Compliance plan submitted includes actions to address bid price deficiency; no assurance Panel will accept plan.
Trading on Nasdaq Capital Market continues pending final Panel determination; delisting risk remains high.

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)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2)

Exact text from the filing

June 12, 2026, Vestand Inc. (the “Company”) received a letter (the “Nasdaq Letter”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it had not regained compliance with Nasdaq Listing Rule 5550(a)(2), which requires listed securities to maintain a minimum bid price of $1.00 per share (the “Minimum Bid Price Requirement”). The Nasdaq Letter has no immediate effect on the listing of the Company’s Class A Common Stock on the Nasdaq Capital Market. As previously disclosed in the Company’s Current Report on Form 8-K filed on December 17

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Source: SEC EDGAR

accession 0001493152-26-029088

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