Earlyworks Co., Ltd. Receives Final Extension from Nasdaq Hearings Panel to Regain Compliance with Continued Listing Standards
Earlyworks (NASDAQ:ELWS), a Japanese blockchain technology company, has received a final extension until October 29, 2025 from the Nasdaq Hearings Panel to regain compliance with listing requirements.
The company failed to maintain the required $35 million minimum market value of listed securities under Rule 5550(b)(2). Earlyworks is now pursuing compliance through an alternative standard requiring minimum stockholders' equity of $2.5 million. If compliance is not achieved by the deadline, the company's securities will be delisted from Nasdaq.
During this extension period, Earlyworks' American Depositary Shares (ADSs) will continue trading on the Nasdaq Capital Market while the company works to complete its equity financing initiatives.
Earlyworks (NASDAQ:ELWS), un’azienda giapponese di tecnologia blockchain, ha ottenuto una estensione finale fino al 29 ottobre 2025 dal Nasdaq Hearings Panel per riacquistare la conformità ai requisiti di quotazione.
L’azienda non è riuscita a mantenere il minimo valore di mercato di $35 milioni dei titoli quotati ai sensi della Regola 5550(b)(2). Earlyworks sta ora perseguendo la conformità tramite uno standard alternativo che richiede un patrimonio netto degli azionisti minimo di $2,5 milioni. Se la conformità non dovesse essere raggiunta entro la scadenza, i titoli dell’azienda saranno cancellati dal Nasdaq.
Durante il periodo di estensione, le American Depositary Shares (ADS) di Earlyworks continueranno a essere negoziate sul Nasdaq Capital Market mentre l’azienda procede con le iniziative di finanziamento azionario.
Earlyworks (NASDAQ:ELWS), una empresa japonesa de tecnología blockchain, ha recibido una extensión final hasta el 29 de octubre de 2025 por parte del Nasdaq Hearings Panel para volver a cumplir con los requisitos de cotización.
La compañía no logró mantener el valor mínimo de mercado de $35 millones de los valores listados bajo la Regla 5550(b)(2). Earlyworks ahora busca cumplir mediante un estándar alternativo que exige un patrimonio mínimo de accionistas de $2,5 millones. Si no se alcanza el cumplimiento para la fecha límite, sus valores serán deslistados del Nasdaq.
Durante este periodo de extensión, las American Depositary Shares (ADSs) de Earlyworks seguirán operando en el Nasdaq Capital Market mientras la empresa avanza en sus iniciativas de financiación de capital.
Earlyworks (NASDAQ:ELWS), 일본의 블록체인 기술 회사가 2025년 10월 29일까지의 최종 연장을 Nasdaq Hearings Panel로부터 받아 상장 요건 준수를 재추진하고 있습니다.
회사는 규칙 5550(b)(2)에 따라 필요한 $35백만의 최소 시가총액을 유지하지 못했습니다. Earlyworks는 이제 주주자본의 최소액 $2.5백만을 요구하는 대체 표준을 통해 준수를 추구하고 있습니다. 기한까지 준수가 달성되지 않으면 회사의 증권은 Nasdaq에서 상장 폐지됩니다.
연장 기간 동안 Earlyworks의 American Depositary Shares (ADSs)는 증권 자본 시장에서 계속 거래되며, 회사가 자본 조달 계획을 완료하기 위해 노력합니다.
Earlyworks (NASDAQ:ELWS), une entreprise japonaise de technologie blockchain, a reçu une prolongation finale jusqu’au 29 octobre 2025 de la Nasdaq Hearings Panel pour se conformer à nouveau aux exigences de cotation.
L’entreprise n’a pas réussi à maintenir la valeur boursière minimale requise de $35 millions des titres cotés en vertu de la Règle 5550(b)(2). Earlyworks cherche désormais à se conformer via une norme alternative exigeant un fonds propres minimum des actionnaires de $2,5 millions. Si la conformité n’est pas atteinte d’ici la date limite, les titres de l’entreprise seront radiés du Nasdaq.
Pendant cette période de prolongation, les American Depositary Shares (ADS) d’Earlyworks continueront à être négociées sur le Nasdaq Capital Market pendant que l’entreprise poursuit ses initiatives de financement en capital.
Earlyworks (NASDAQ:ELWS), ein japanisches Unternehmen für Blockchain-Technologie, hat vom Nasdaq Hearings Panel eine endgültige Verlängerung bis zum 29. Oktober 2025 erhalten, um die Konformität mit den Listing-Anforderungen wiederherzustellen.
Das Unternehmen konnte den erforderlichen $35 Millionen Mindest-Marktkapitalwert der gelisteten Wertpapiere gemäß Regel 5550(b)(2) nicht aufrechterhalten. Earlyworks strebt nun die Einhaltung über einen alternativen Standard an, der minimales Aktionärskapital von $2,5 Millionen verlangt. Wenn die Konformität bis zum Stichtag nicht erreicht wird, werden die Wertpapiere des Unternehmens vom Nasdaq delistet.
Während dieses Verlängerungszeitraums werden die American Depositary Shares (ADSs) von Earlyworks weiterhin am Nasdaq Capital Market gehandelt, während das Unternehmen seine Eigenkapitalfinanzierungsmaßnahmen abschließt.
Earlyworks (NASDAQ:ELWS)، شركة يابانية في مجال تكنولوجيا البلوك تشين، تلقت من لجنة Nasdaq Hearings Panel تمديداً نهائياً حتى 29 أكتوبر 2025 لاستعادة الامتثال لمتطلبات الإدراج.
فشلت الشركة في الحفاظ على حد أدنى بقيمة سوقية قدرها 35 مليون دولار من الأوراق المالية المدرجة بموجب القاعدة 5550(b)(2). تسعى Earlyworks الآن للامتثال من خلال معيار بديل يشترط حقوق مساهمين لا تقل عن 2.5 مليون دولار. إذا لم يتحقق الامتثال بحلول الموعد النهائي، ستُدرج الأوراق المالية للشركة من Nasdaq.
خلال فترة التمديد هذه، ستستمر الأسهم الأمريكية المدرجة (ADSs) لـ Earlyworks في التداول في Nasdaq Capital Market بينما تعمل الشركة على إتمام مبادرات تمويل حقوق الملكية الخاصة بها.
Earlyworks (NASDAQ:ELWS)，一家日本区块链技术公司，已获得 最终延期至 2025 年 10 月 29 日，以重新符合上市要求，来自 Nasdaq Hearings Panel。
该公司未能维持根据 Rule 5550(b)(2) 要求的 $3500 万的最低上市市值。Earlyworks 现正通过一种替代标准寻求合规，该标准要求 股东权益最低为 $2.5 百万美元。若在截止日期前仍未合规，该公司的证券将从 Nasdaq 除牌。
在延期期间，Earlyworks 的美国存托股票（ADSs）将继续在 Nasdaq Capital Market 交易，同时公司将推进其股本融资计划。
- Company's ADSs remain listed and trading on Nasdaq during extension period
- Panel granted additional time to complete compliance plan
- Company has alternative compliance path through $2.5M stockholders' equity rule
- Risk of delisting from Nasdaq if compliance not achieved by October 29, 2025
- Failed to maintain required $35M minimum market value
- Final extension granted - no further extensions possible
- Company requires equity financing to maintain listing
Insights
Earlyworks received final Nasdaq extension until October 29, 2025 to meet listing requirements or face delisting.
Earlyworks has received a final extension from the Nasdaq Hearings Panel to regain compliance with continued listing standards by October 29, 2025. This represents a critical regulatory deadline for the company, as it's explicitly stated to be the end of the Panel's discretion in this matter.
The compliance issue stems from Earlyworks failing to maintain the minimum market value of listed securities of
This final extension follows a previous exception granted through September 19, 2025, indicating the company has been struggling with compliance for some time. The language in the release suggests Earlyworks requested additional time after being unable to meet the September deadline.
The company faces a binary outcome: either successfully complete equity financing initiatives to meet the
TOKYO, Sept. 23, 2025 (GLOBE NEWSWIRE) -- Earlyworks Co., Ltd. (Nasdaq: ELWS) (the “Company” or “Earlyworks”), a Japanese company operating its proprietary private blockchain technology, Grid Ledger System (“GLS”), today announced that it has received a decision from the Nasdaq Hearings Panel (the “Panel”) granting the Company a final extension through October 29, 2025, to regain compliance with the continued listing requirements for the Nasdaq Capital Market.
As previously disclosed, the Company had received a determination letter dated May 2, 2025 from the Nasdaq Listing Qualifications Department (“Nasdaq”), indicating that the Company did not regain compliance with Nasdaq Listing Rule 5550(b)(2), which requires listed companies to maintain a minimum market value of listed securities of
In response, the Panel has determined to grant the Company’s request for a final extension through October 29, 2025, representing the end of the Panel’s discretion in this matter. During this time, the Company will continue to work toward completing its equity financing initiatives and regaining full compliance with Nasdaq’s continued listing standards. If the Company is unable to regain compliance with the Nasdaq’s Listing Rules by that date, the Panel will delist the Company’s securities from the Nasdaq.
The Company’s American Depositary Shares (ADSs) will remain listed and eligible for trading on the Nasdaq Capital Market during this extension period.
About Earlyworks Co., Ltd.
Earlyworks Co., Ltd. is a Japanese company operating its proprietary private blockchain technology, GLS, to leverage blockchain technology in various applications in a wide range of industries. GLS is a hybrid blockchain that combines the technical advantages of blockchain and database technology. GLS features high-speed processing, which can reach 0.016 seconds per transaction, tamper-resistance, security, zero server downtime, and versatile applications. The applicability of GLS is verified in multiple domains, including real estate, advertising, telecommunications, metaverse, and financial services. The Company’s mission is to keep updating GLS and make it an infrastructure in the coming Web3/metaverse-like data society. For more information, please visit the Company’s website: https://ir.e-arly.works/.
For more information, please visit the Company’s website: https://ir.e-arly.works/.
For inquiries about this release, please contact:
Earlyworks Co., Ltd.
Contact E-MAIL: ew-ir@e-arly.works
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may,” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.
FAQ
What is the deadline for Earlyworks (ELWS) to regain Nasdaq compliance?
Why is Earlyworks (ELWS) at risk of being delisted from Nasdaq?
What alternative compliance path is Earlyworks (ELWS) pursuing to maintain Nasdaq listing?
Will Earlyworks (ELWS) stock continue trading during the compliance period?
What happens if Earlyworks (ELWS) fails to meet Nasdaq compliance by the deadline?
