Vestand Receives Nasdaq Notification Regarding Late 10-Q Filing and Continued Listing Requirements
Rhea-AI Summary
Vestand (NASDAQ: VSTD) received a Nasdaq notice on Nov 25, 2025 for failing to file its Form 10-Q for the period ended Sep 30, 2025, resulting in noncompliance with Nasdaq Listing Rule 5250(c)(1).
The company has 60 days to submit a compliance plan and, if accepted, Nasdaq may grant up to 180 days from the prescribed due date (until May 18, 2026) to file the Form 10-Q. The notice does not have an immediate effect on the listing of the Class A common stock. The company said it intends to seek compliance but warned there is no assurance it will file on time, obtain an extension, or meet listing requirements during any compliance period.
Positive
- Nasdaq notice has no immediate effect on listing
- Company intends to submit a compliance plan within 60 days
Negative
- Failed to file Form 10-Q for period ended Sep 30, 2025
- Noncompliance under Nasdaq Rule 5250(c)(1)
- Possible delisting risk if plan is not accepted or compliance not achieved by May 18, 2026
- No assurance company will obtain an extension or file within required timeframe
News Market Reaction
On the day this news was published, VSTD gained 0.37%, reflecting a mild positive market reaction. Argus tracked a peak move of +2.0% during that session. Argus tracked a trough of -5.4% from its starting point during tracking. Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $27K to the company's valuation, bringing the market cap to $7M at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
No peer stocks in the provided sector list showed momentum flags or same-day headlines, indicating this Nasdaq compliance issue is company-specific rather than sector-driven.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 02 | Nasdaq notice | Negative | +0.4% | Nasdaq flagged noncompliance due to late Form 10-Q filing. |
| Oct 27 | Management changes | Positive | -6.8% | Appointment of new CFO and Chief Compliance Officer to support strategy. |
| Oct 14 | Board appointment | Positive | +0.8% | New director added to bolster governance and strategic execution. |
| Sep 18 | AI acquisition | Positive | -0.6% | Acquisition of controlling interest in AI Mindbot Equity for crypto strategy. |
Recent news often showed divergence: several seemingly positive governance and strategic updates coincided with flat or negative price reactions, while this negative compliance notice saw a modest uptick.
This announcement adds to a turbulent period for Vestand. On Oct 31, 2025, the company disclosed non‑reliance on prior financials and material weaknesses in internal controls. Leadership changes followed, with a new CFO and Chief Compliance Officer appointed on Oct 27, 2025, and a board appointment on Oct 14, 2025 tied to AI‑driven real estate and tokenization strategies. The Sep 18, 2025 acquisition of a controlling interest in AI Mindbot Equity aimed to expand into Korean crypto markets. Today’s late 10‑Q notice underscores ongoing reporting and governance challenges despite these initiatives.
Market Pulse Summary
This announcement highlights that Vestand failed to file its Form 10‑Q for the quarter ended September 30, 2025, triggering Nasdaq Listing Rule 5250(c)(1) noncompliance. The company has 60 days to submit a remediation plan and may receive up to 180 days from the due date to regain compliance. In context of recent audit changes and prior disclosure of material weaknesses, investors may focus on timely filing progress, internal control remediation, and any further Nasdaq correspondence.
Key Terms
form 10-q regulatory
nasdaq listing rule 5250(c)(1) regulatory
continued listing requirements regulatory
AI-generated analysis. Not financial advice.
BREA, Calif., Dec. 02, 2025 (GLOBE NEWSWIRE) -- Vestand Incorporated (NASDAQ: VSTD) (“Vestand” or the “Company”) received a notice (the “Notice”) from Nasdaq Listing Qualifications (“Nasdaq”) on November 25, 2025 notifying the Company that as it has not yet filed its Quarterly Report on Form 10-Q for the period ended September 30, 2025 (the “Form 10-Q”), the Company no longer complies with Listing Rule 5250(c)(1) for continued listing on Nasdaq.
The Company has 60 calendar days to submit to Nasdaq a plan to regain compliance, and if such plan is accepted, Nasdaq may grant the Company an extension of up to 180 calendar days from the prescribed due date for filing the Form 10-Q, or until May 18, 2026, to regain compliance. If Nasdaq does not accept the Company’s plan, the Company will have the opportunity to appeal that decision to a Hearings Panel.
The Notice from Nasdaq has no immediate effect on the listing of the Company’s Class A Common Stock.
The Company intends to take the necessary steps to regain compliance with the Nasdaq Listing Rule as soon as practicable.
However, there can be no assurance that the Form 10-Q will be filed within any required timeframe, a plan of compliance will be submitted within such period, Nasdaq will grant the Company an extension, or the Company will be able to meet the continued listing requirements during any compliance period that may be granted by Nasdaq.
About Vestand Inc.
Vestand (NASDAQ: VSTD) is a U.S. Nasdaq-listed company positioning itself as a global investment platform integrating traditional real-world assets (RWA) with next-generation crypto treasury strategies. Through its U.S. and Korean subsidiaries, the Company intends to connect the global capital markets and pursue a growth model that combines real estate, security technology, and blockchain innovation. For more information, please visit https://vestand.com/.
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Words such as “plan,” “expect,” and variations of such words and similar future or conditional expressions are intended to identify forward-looking statements. These forward-looking statements include, but are not limited to, the expected filing of the Form 10-Q, and the ability to regain compliance under the Nasdaq Listing Rule. These forward-looking statements are not guarantees of future results and are subject to a number of risks and uncertainties, many of which are difficult to predict and beyond the Company’s control. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s filings with the Securities and Exchange Commission, including the risks and uncertainties described in more detail in our filings with the SEC, including our Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and subsequent reports filed with the SEC from time to time, which can be found on the SEC’s website at www.sec.gov. We caution readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Investor Relations Contact:
Larry W Holub
Director
MZ North America
VSTD@mzgroup.us
312-261-6412
FAQ
What did Nasdaq notify Vestand (VSTD) about on Nov 25, 2025?
How long does Vestand (VSTD) have to submit a plan to Nasdaq?
If Nasdaq accepts Vestand's plan, how long may the company have to file the 10-Q?
Does the Nasdaq notice immediately affect Vestand's (VSTD) stock listing?
What are the risks for Vestand (VSTD) after receiving the Nasdaq notice?
