Yoshiharu Global Co. announced on February 21, 2025, that it received a notification letter from the Nasdaq Listing Qualifications Staff regarding a delisting determination. The notice, issued on February 18, 2025, stated that the company remains out of compliance with Listing Rule 5550(b)(1).
This rule requires Yoshiharu to maintain stockholders' equity of at least $2,500,000 for continued listing. The company had previously received a notification in August 2024 and failed to regain compliance by the February 17, 2025 deadline.
Yoshiharu is not eligible for a further period to regain compliance and has until February 25, 2025, to request a hearing to appeal the Staff’s determination. The company stated its intention to request such a hearing to challenge the delisting notice.
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