BloomZ Granted 180 Day Extension by Nasdaq to Regain Compliance with Minimum Bid Requirement

Rhea-AI Summary

BloomZ (NASDAQ:BLMZ), a Japanese entertainment company, has received a 180-day extension from Nasdaq until December 1, 2025, to meet the minimum bid price requirement of $1.00 per share for continued listing. The company was initially notified of non-compliance on December 2, 2024, with a first compliance period ending June 2, 2025. To regain compliance, BLMZ's closing bid price must be at least $1.00 for a minimum of ten consecutive business days before December 1, 2025. Failure to meet this requirement could result in delisting, though the company would have the right to appeal to a Nasdaq Hearings Panel. BloomZ states it will monitor its bid price and consider all available options to maintain compliance.

Positive

• Received additional 180 days to regain compliance with Nasdaq listing requirements
• Company maintains right to appeal if delisting notice is received
• Company still has multiple options available to regain compliance

Negative

• Failed to meet minimum $1.00 bid price requirement during initial compliance period
• Risk of potential delisting from Nasdaq if compliance is not achieved by December 1, 2025
• Stock price has remained below $1.00 for extended period indicating significant market weakness

TOKYO, JAPAN / ACCESS Newswire / June 6, 2025 / BloomZ Inc. (NASDAQ:BLMZ) ("BloomZ" or the "Company"), a Japanese audio production, VTuber, entertainment, and voice actor management company, announced it has received a letter form the Nasdaq Listing Qualification Staff (the "Staff") granting it a second 180 calendar day period, or until December 1, 2025, to regain compliance with the minimum $1.00 per share bid price requirement for continued listing on The Nasdaq Capital Market, pursuant to Nasdaq Listing Rule 5810(c)(3)(A)(ii).

The Company was initially notified on December 2, 2024, that it did not meet the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2), and was provided 180 calendar days, or until June 2, 2025, to regain compliance. As the Company was not able to regain compliance during the first compliance period, the Staff has determined that the Company is eligible for an additional 180-day period to regain compliance.

If at any time before December 1, 2025, the closing bid price of the Company common stock is at least $1.00 per share for a minimum of ten consecutive business days, the Company will be deemed to have regained compliance. If the Company fails to regain compliance by that date, the Company will receive written notice that its securities will be subject to delisting, at which point it will have the right to appeal the decision to a Nasdaq Hearings Panel.

The Company intends to actively monitor its bid price and will consider all available options to regain compliance with the Nasdaq Listing Rules.

About BloomZ Inc.
BloomZ Inc. is a holding company headquartered in the Cayman Islands, operating BloomZ Japan in Japan. BloomZ Japan is engaged in sound production for anime and games, as well as the management, training, and promotion of voice actors and VTubers. In recent years, it has also focused on developing and promoting next-generation entertainment businesses.

Cautionary Note Regarding Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act and other securities laws. Words such as "will," "expects," "anticipates," "aims," "intends," "plans," "believes," "seeks," "estimates" and similar expressions or variations of such words are intended to identify forward-looking statements. Forward-looking statements are not historical facts, and are based upon management's current expectations, beliefs and projections, many of which, by their nature, are inherently uncertain. Such expectations, beliefs and projections are expressed in good faith. However, there can be no assurance that management's expectations, beliefs and projections will be achieved, and actual results may differ materially from what is expressed in or indicated by the forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the forward-looking statements. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company's reports filed from time to time with the U.S. Securities and Exchange Commission. Forward-looking statements speak only as of the date the statements are made. The Company assumes no obligation to update forward-looking statements to reflect actual results, subsequent events or circumstances, changes in assumptions or changes in other factors affecting forward-looking information except to the extent required by applicable securities laws. If the Company does update one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect thereto or with respect to other forward-looking statements. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release.

BloomZ Investor Contact
John Yi and Steven Shinmachi
Gateway Group, Inc.
949-574-3860
Email: bloomz@gateway-grp.com

SOURCE: BloomZ

View the original press release on ACCESS Newswire

FAQ

What is the deadline for BloomZ (BLMZ) to regain Nasdaq compliance?

BloomZ has until December 1, 2025, to regain compliance with Nasdaq's minimum bid price requirement of $1.00 per share.

What happens if BLMZ stock fails to meet Nasdaq's minimum bid requirement?

If BLMZ fails to regain compliance by December 1, 2025, it will receive a delisting notice, though the company can appeal the decision to a Nasdaq Hearings Panel.

How can BloomZ (BLMZ) regain Nasdaq compliance?

BloomZ can regain compliance if its closing bid price remains at $1.00 or above for a minimum of ten consecutive business days before December 1, 2025.

When was BloomZ (BLMZ) first notified of Nasdaq non-compliance?

BloomZ was initially notified of non-compliance with Nasdaq's minimum bid price requirement on December 2, 2024.

What is the minimum stock price requirement for Nasdaq listing?

The minimum bid price requirement for continued listing on the Nasdaq Capital Market is $1.00 per share.