Visionary Holdings Inc. (the "Company") (NASDAQ:GV), a private education provider with technology integration, today announced that on August 5, 2025, it received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market ("Nasdaq") indicating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) because it has not yet filed its Annual Report on Form 20-F for the fiscal year ended March 31, 2025 (the "Filing") with the Securities and Exchange Commission.
Nasdaq's notice has no immediate effect on the listing or trading of the Company's ordinary shares on the Nasdaq Capital Market. However, if the Company fails to timely regain compliance with the Rule, its securities may be subject to delisting from Nasdaq.
In accordance with Nasdaq's Listing Rules, the Company has 60 calendar days, or until October 6, 2025, to submit a plan to Nasdaq to regain compliance. If Nasdaq accepts the Company's compliance plan, it may grant the Company an extension of up to 180 calendar days from the Filing's due date, or until January 26, 2026, to file its Form 20-F and regain compliance.
The Company is actively working with its independent auditor to complete the audit of its financial statements for the fiscal year ended March 31, 2025, and is preparing its Annual Report on Form 20-F. The Company intends to submit a compliance plan to Nasdaq within the prescribed time period and is committed to regaining compliance as quickly as possible.