Visionary Holdings receives non-compliance notification from Nasdaq

Visionary Holdings (GV) received a notification letter dated April 7 from the Listing Qualifications Department of The Nasdaq Stock Market, 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 closing bid price of the Company’s common shares was below $1.00 per share for 30 consecutive business days, from February 23 to April 6. 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.” 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, 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 $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.