Yoshiharu receives noncompliance notification from Nasdaq, to request appeal

Yoshiharu (YOSH) announced that it has received a notice of delisting from Nasdaq. On February 18, the company received a notification letter from Nasdaq notifying the company that because it remains out of compliance with Listing Rule 5550, which requires that the company maintain stockholders’ equity of at least $2,5M for continued listing, Nasdaq has scheduled the company’s securities for delisting from Nasdaq. Under Nasdaq Listing Rule 5800 Series and as stated in the letter, the company has until February 25 to request a hearing to appeal the staff’s determination. The company intends to request such a hearing to the appeal the determination.