Visionary Holdings Inc. Receives Nasdaq Notification Regarding Delayed Form 20-F Filing

Rhea-AI Summary

Visionary Holdings (Nasdaq: GV) received a Nasdaq Listing Qualifications notice for failure to timely file its Annual Report on Form 20-F for the fiscal year ended March 31, 2025. The notice, dated August 5, 2025, cites noncompliance with Nasdaq Listing Rule 5250(c)(1) but has no immediate effect on the listing or trading of the company's common shares on the Nasdaq Capital Market. The company had a 60-calendar-day period to submit a compliance plan and filed that plan on October 6, 2025. Visionary says it is working with its independent auditor to complete the audit and file the Form 20-F as soon as possible and remains committed to restoring full reporting compliance and maintaining its Nasdaq listing.

Positive

• Nasdaq notice has no immediate effect on listing or trading
• Company submitted a compliance plan on October 6, 2025
• Working with independent auditor to complete the audit promptly

Negative

• Delayed filing of Form 20-F for fiscal year ended March 31, 2025
• Cited noncompliance with Nasdaq Listing Rule 5250(c)(1)
• Received Nasdaq notice on August 5, 2025
• Subject to Nasdaq review of submitted compliance plan within rule timelines

TORONTO, Oct. 25, 2025 /PRNewswire/ -- Visionary Holdings Inc. (Nasdaq: GV) ("Visionary" or the "Company"), a private education service provider integrating technology and innovation, today announced that on August 5, 2025, it received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market ("Nasdaq") indicating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) due to its delay in filing its Annual Report on Form 20-F for the fiscal year ended March 31, 2025 (the "Form 20-F").

The Nasdaq letter has no immediate effect on the listing or trading of the Company's common shares on the Nasdaq Capital Market. In accordance with Nasdaq rules, the Company was provided 60 calendar days to submit a plan to regain compliance. The Company submitted its compliance plan on October 6, 2025, and is awaiting Nasdaq's review.

Visionary is working diligently with its independent auditor to complete the audit process and file the Form 20-F as promptly as possible. The Company remains committed to full compliance with its reporting obligations and to maintaining its listing on Nasdaq.

About Visionary Holdings Inc.

Visionary Holdings Inc. is a private education service provider headquartered in Markham, Ontario, Canada. The Company operates through its subsidiaries in the private and public education sectors, delivering quality academic programs supported by technology-driven platforms to both local and international students.

Forward-Looking Statements

This press release contains forward-looking statements, including statements related to the Company's plans to regain compliance with Nasdaq's continued listing requirements and the anticipated timing of its SEC filings. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially. The Company does not undertake any obligation to update any forward-looking statement, except as required by law.

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SOURCE Visionary Holdings Inc.

FAQ

What did Visionary Holdings (GV) receive from Nasdaq on August 5, 2025?

A Listing Qualifications notice citing failure to timely file its Form 20-F for the year ended March 31, 2025.

Does the Nasdaq notice affect GV's trading or listing immediately?

No; the notice has no immediate effect on the listing or trading of GV common shares.

When did Visionary Holdings (GV) submit its Nasdaq compliance plan?

The company submitted its compliance plan on October 6, 2025 and is awaiting Nasdaq review.

What is Visionary Holdings (GV) doing to regain compliance with Nasdaq?

Visionary is working with its independent auditor to complete the audit and file the Form 20-F promptly.

Which Nasdaq rule did Visionary Holdings (GV) fail to comply with?

Nasdaq Listing Rule 5250(c)(1) for timely filing of periodic reports.