Visionary Holdings Receives Nasdaq Notice for Sub-$1 Share Price, 180-Day Deadline
Visionary Holdings’ share price fell below Nasdaq’s $1.00 threshold for 30 straight business days through April 6, 2026, triggering a non-compliance notice. The company has a 180-day window until October 5, 2026, to regain compliance or pursue a reverse stock split extension.
1. Non-Compliance Notification
Visionary Holdings received a Nasdaq listing qualifications letter stating its common shares closed below $1.00 for 30 consecutive business days between February 23 and April 6, 2026, resulting in non-compliance with Rule 5550(a)(2). Trading will continue under the existing symbol during the review.
2. Compliance Timeline and Requirements
Nasdaq has granted Visionary a 180-calendar-day compliance window ending October 5, 2026, to achieve a closing bid price of at least $1.00 for ten consecutive business days. Failure to meet this threshold could lead to an additional 180-day extension, contingent on market value and other listing standards.
3. Potential Corporate Actions
Visionary plans to monitor its share price and evaluate options to restore compliance, including a potential reverse stock split. Management may also consider alternative measures to support market value and meet Nasdaq’s listing requirements.