DelistingJun 10, 2026, 01:44 PM
Visionary Holdings Faces Nasdaq Delisting Determination
AI Summary
Visionary Holdings Inc. announced it received a Staff Determination Letter from Nasdaq on June 4, 2026, formally determining to delist its securities. This decision stems from the company's failure to timely file its Form 6-K for the second quarter and subsequently not submitting a required compliance plan by the June 1, 2026 deadline. If the company does not request a hearing by June 11, 2026, trading in its shares will be suspended on June 15, 2026. Visionary Holdings has established a special working group, submitted a compliance plan, and is preparing to appeal the delisting determination to protect shareholder interests.
Key Highlights
- Nasdaq formally determined to delist Visionary Holdings Inc. securities on June 4, 2026.
- Delisting due to failure to timely file Form 6-K for Q2, non-compliant with Nasdaq Rule 5250(c)(1).
- Company failed to submit a compliance plan by the June 1, 2026 deadline.
- Trading suspension will occur on June 15, 2026, if no hearing request by June 11, 2026.
- Company submitted a compliance plan on June 9, 2026, and is preparing for a hearing appeal.
- A non-refundable USD 20,000 hearing fee is required by June 11, 2026.
Price Impact