Visionary Holdings Inc. Announces Receipt of Nasdaq Delisting Determination Letter Related to Delinquent Listing Fees

Visionary Holdings (NASDAQ: GV) received a Nasdaq staff determination letter dated April 29, 2026, notifying the company of noncompliance with Nasdaq Listing Rule 5250(f) due to delinquent annual listing fees of approximately US$35,000.

Rhea-AI Summary

Visionary Holdings (NASDAQ: GV) received a Nasdaq staff determination letter dated April 29, 2026, notifying the company of noncompliance with Nasdaq Listing Rule 5250(f) due to delinquent annual listing fees of approximately US$35,000. Nasdaq warned of suspension on May 8, 2026 and filing Form 25-NSE unless a hearing was requested by May 6, 2026. Following receipt of the notice, the company paid the outstanding fee and is working with Nasdaq on the matter. The company said it remains committed to maintaining compliance and will provide updates as appropriate. This disclosure is made under Nasdaq Listing Rule 5810(b).

Positive

• Company paid the outstanding Nasdaq listing fee of approximately $35,000
• Company is engaging with Nasdaq and will provide further updates
• Public disclosure made in compliance with Nasdaq Listing Rule 5810(b)

Negative

• Nasdaq notified intent to delist for noncompliance with Rule 5250(f)
• Trading would be suspended at open on May 8, 2026 if no hearing requested
• Nasdaq could file Form 25-NSE to remove securities from Nasdaq listing

Argus May 5 session

-20.95% close to close Open Argus

Details

News Market Reaction – GV

In the May 5 session, GV declined 20.95%, reflecting a significant negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock dropped -20.9% in the session following this news. A negative reaction despite the company...

Analysis

The stock dropped -20.9% in the session following this news. A negative reaction despite the company having paid its outstanding Nasdaq fee balance would fit a pattern where regulatory and listing risks weigh heavily on sentiment. The stock traded at $0.201, about 95.19% below its 52-week high before this notice, reflecting prior stress. Repeated Nasdaq deficiency letters, internal control weaknesses, tax liabilities, and reliance on new financing all add to perceived risk, so fee-related delisting language could reinforce concerns even if the immediate balance has been settled.

Key Figures

Delinquent listing fees: US$35,000 Hearing request deadline: May 6, 2026 Trading suspension date: May 8, 2026 +3 more

Delinquent listing fees

US$35,000

Outstanding Nasdaq annual listing fee balance cited in staff letter

Hearing request deadline

May 6, 2026

Last date to request Nasdaq hearing to avoid automatic suspension

Trading suspension date

May 8, 2026

Date Nasdaq indicated trading would be suspended absent a hearing request

Determination letter date

April 29, 2026

Date of Nasdaq staff determination letter regarding delinquent fees

Current price

$0.201

Pre-news price, vs 52-week range $0.18–$4.18

52-week drawdown

-95.19%

Price vs 52-week high before fee-related delisting notice

Historical Context

5 past events · Latest: Apr 10

5 events

1. Apr 10

   Nasdaq bid deficiency

   24h Move

   -8.8%

   Nasdaq notice for failing the $1.00 minimum bid requirement over 30 days.

2. Apr 07

   Filing deficiency

   24h Move

   -11.1%

   Deficiency letter for failure to timely file Form 6-K and interim statements.

3. Mar 31

   Strategic investment

   24h Move

   +17.7%

   Cooperation agreement for proposed US$20M strategic investment in Qingdao project.

4. Mar 26

   Distribution deal

   24h Move

   -6.8%

   China distribution agreement for V-series anti-aging products with large retail network.

5. Mar 09

   Strategic refocus

   24h Move

   -16.6%

   US$12M exclusive aesthetics agreement and strategic exit from non-core businesses.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

nasdaq listing rule 5250(f), form 25-nse

2 terms

nasdaq listing rule 5250(f) regulatory

"it was not in compliance with Nasdaq Listing Rule 5250(f) due to"

A Nasdaq listing rule that requires publicly traded companies to promptly notify the exchange if they fail to file required periodic reports, such as quarterly or annual financial statements. For investors, this is like a public warning light indicating a company missed a scheduled update; it matters because missed filings can signal operational, accounting or governance problems and may trigger regulatory scrutiny or delisting, increasing investment risk.

form 25-nse regulatory

"Nasdaq would file a Form 25-NSE with the Securities and Exchange"

Form 25‑NSE is an official filing used to notify the stock exchange that a company’s securities are being removed from trading on that exchange, similar to handing in a key when a shop closes. Investors care because removal ends public trading on that venue, often cutting liquidity and making it harder to buy or sell shares, which can affect a stock’s price and how quickly investors can access cash or exit positions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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TORONTO, May 04, 2026 (GLOBE NEWSWIRE) -- Visionary Holdings Inc. (NASDAQ: GV) (the “Company” or “Visionary”) today announced that it received a staff determination letter from The Nasdaq Stock Market LLC (“Nasdaq”) on April 29, 2026, notifying the Company that it was not in compliance with Nasdaq Listing Rule 5250(f) due to delinquent listing fees and that Nasdaq had determined to delist the Company’s securities unless the Company timely requested a hearing before the Nasdaq Hearings Panel.

As stated in the Nasdaq notice, the Company had an outstanding fee balance of approximately US$35,000 related to annual listing fees. Nasdaq further indicated that, unless the Company requested a hearing by May 6, 2026, trading of the Company’s common shares would be suspended at the opening of business on May 8, 2026, and Nasdaq would file a Form 25-NSE with the Securities and Exchange Commission to remove the Company’s securities from listing and registration on Nasdaq.

Following receipt of the notice, the Company paid the outstanding Nasdaq listing fee balance. The Company is working with Nasdaq regarding the status of this matter and will provide further updates as appropriate.

The Company remains committed to maintaining compliance with all applicable Nasdaq listing requirements.

This press release is being issued in accordance with Nasdaq Listing Rule 5810(b), which requires prompt public disclosure of receipt of a deficiency notice, including the specific rule involved and the basis for the determination.

About Visionary Holdings Inc.

Visionary Holdings Inc. is a Canadian-based company listed on Nasdaq under the ticker symbol “GV.” The Company has historically operated in the education sector and has been pursuing strategic development opportunities across emerging business areas, including health technology, biotechnology, new energy vehicles, and related industries.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of applicable securities laws, including statements regarding the Company’s communications with Nasdaq, the status of its Nasdaq listing, its expectations concerning compliance with Nasdaq listing requirements, and its ability to maintain compliance with applicable Nasdaq listing standards. Forward-looking statements are based on current expectations, estimates, assumptions and projections and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements.

These risks and uncertainties include, among others, Nasdaq’s review of the Company’s payment and listing status, the Company’s ability to satisfy Nasdaq’s continued listing requirements, the potential suspension or delisting of the Company’s securities, market conditions, business performance, and other factors described in the Company’s filings with the Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statements except as required by law.

Investor Relations & Media Contact:
Visionary Holdings Inc.
Email: ir@visionary.holdings

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Why did Nasdaq issue a delisting determination to Visionary Holdings (GV) on April 29, 2026?

Because Visionary had delinquent annual listing fees of about US$35,000. According to the company, Nasdaq cited noncompliance with Listing Rule 5250(f), which led to a determination to delist unless a timely hearing was requested.

Did Visionary Holdings (GV) pay the outstanding Nasdaq fees after the delisting notice?

Yes. According to the company, it paid the outstanding Nasdaq listing fee balance after receiving the notice. The company also said it is working with Nasdaq on the matter and will provide further updates as appropriate.

What were the key dates Nasdaq provided in the delisting notice to Visionary Holdings (GV)?

Nasdaq gave a hearing-request deadline of May 6, 2026 and warned suspension on May 8, 2026. According to the company, failure to request a hearing by May 6 could have led to trading suspension and Form 25-NSE filing.

Could Nasdaq remove Visionary Holdings (GV) from listing after the April 29, 2026 notice?

Yes. Nasdaq indicated it would file Form 25-NSE to remove the company’s securities from Nasdaq listing and registration if the hearing was not timely requested. According to the company, it paid the fee and is addressing the issue with Nasdaq.

What does Visionary Holdings (GV) say about compliance following the Nasdaq notice?

The company said it remains committed to maintaining compliance with applicable Nasdaq listing requirements. According to the company, it will provide further updates as appropriate while working with Nasdaq on the matter.