{"id":709489,"date":"2022-11-09T23:03:01","date_gmt":"2022-11-10T04:03:01","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/visionary-education-technology-receives-nasdaq-notification-regarding-minimum-bid-price-deficiency\/"},"modified":"2022-11-09T23:03:01","modified_gmt":"2022-11-10T04:03:01","slug":"visionary-education-technology-receives-nasdaq-notification-regarding-minimum-bid-price-deficiency","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/visionary-education-technology-receives-nasdaq-notification-regarding-minimum-bid-price-deficiency\/","title":{"rendered":"Visionary Education Technology Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">Toronto, Canada, Nov.  09, 2022  (GLOBE NEWSWIRE) &#8212; Visionary Education Technology Holdings Group Inc. (the &#8220;Company&#8221;) (NASDAQ: VEDU), a private education provider located in Canada, with subsidiaries in Canada and market partners in China, today announced that the Company has received a written notification (the \u201cNotification Letter\u201d) from the Nasdaq Stock Market LLC (\u201cNasdaq\u201d) on November 2, 2022, notifying the Company that it is not in compliance with the minimum bid price requirement set forth in Nasdaq Rules for continued listing on the Nasdaq.<\/p>\n<p align=\"justify\">Nasdaq Listing Rule 5550(a)(2) requires listed securities to maintain a minimum bid price of US$1.00 per share, and Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive business days. Based on the closing bid price of the Company&#8217;s common shares for the 30 consecutive business days from September 21, 2022 to November 1, 2022, the Company no longer meets the minimum bid price requirement.<\/p>\n<p align=\"justify\">The Notification Letter does not impact the Company&#8217;s listing on the Nasdaq Capital Market at this time. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided 180 calendar days, or until May 1, 2023, to regain compliance with Nasdaq Listing Rule 5550(a)(2). To regain compliance, the Company&#8217;s common shares must have a closing bid price of at least US$1.00 for a minimum of 10 consecutive business days. In the event the Company does not regain compliance by May 1, 2023, the Company may be eligible for additional time to regain compliance or may face delisting.<\/p>\n<p align=\"justify\">The Company&#8217;s business operations are not affected by the receipt of the Notification Letter. The Company intends to monitor the closing bid price of its common shares and may, if appropriate, consider implementing available options, including, but not limited to, implementing a reverse share split of its outstanding common shares, to regain compliance with the minimum bid price requirement under the Nasdaq Listing Rules.<\/p>\n<p align=\"justify\">\n        <strong>About\u00a0Visionary Education Technology Holdings Group Inc.<\/strong>\n      <\/p>\n<p align=\"justify\">Visionary Education Technology Holdings Group Inc., headquartered in\u00a0Toronto, ON, Canada, is a private education provider located based in\u00a0Canada,\u00a0that offers high-quality education and industrial resources to students around the globe. The Company aims to provide access to secondary, college, undergraduate and graduate and vocational education to students in\u00a0Canada. Through technological innovations, that fulfill industrial standards, more people can learn, grow and succeed, to release their full career potential. As a fully integrated provider of educational programs and services in\u00a0Canada, the Company has been serving, and will continue to serve, both Canadian and international students and contributing to the industry. For more information, visit the Company\u2019s website at\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=fb8Xbdy6LbHOo2Qp2egrLwM0ktdZU0RT1BZ0CaTSlb8RfI27AAWvktWoJh-Tt_bhKGjZjjRYE-XXJ-nH42fCpV3KF_iTrfaDBZii-FOhUNc=\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/ir.visiongroupca.com\/<\/a>.<\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <em>Forward-Looking Statements<\/em><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"justify\">\n        <em>All statements other than statements of historical fact in this announcement are forward-looking statements.\u00a0These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company\u2019s 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 identify these forward-looking statements by words or phrases such as\u00a0\u201cbelieves,\u201d \u201cexpects,\u201d \u201canticipates,\u201d \u201cestimates,\u201d \u201cintends,\u201d \u201cwould,\u201d \u201ccontinue,\u201d \u201cshould,\u201d \u201cmay,\u201d or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or\u00a0circumstances, 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\u00a0be 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&#8217;s registration statement and in its other filings with the\u00a0SEC.<\/em>\n      <\/p>\n<p>\n        <strong>For more information, please contact:<\/strong>\n      <\/p>\n<p>\n        <strong>Visionary Education Technology Holdings Group Inc.<\/strong><br \/>\n        <br \/>Investor Relations Department<br \/>Email:\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=m5vHMSiulasuybataY7ZFzDKm3Hi1DN_E9TizOGnc8VLx3wAQlDssF1hH4ugTAhZVNoXXt-U_7esFFfHGUnM6g==\" rel=\"nofollow noopener\" target=\"_blank\">ir@farvision.ca<\/a><\/p>\n<p>\n        <strong>Ascent Investors Relations LLC<\/strong><br \/>\n        <br \/>Tina Xiao<br \/>President<br \/>Phone: +1 917-609-0333<br \/>Email:\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=9K1X3xcD9I8na10ppHWnlzsF4rwY7PRy1UNxY35bAKSd6DmwbqlX7WTNsfHziPI2rIS_iT4Cdi9moaIoYHPMtkWov01B8AZ39r-6Gi5JmDc=\" rel=\"nofollow noopener\" target=\"_blank\">tina.xiao@ascent-ir.com<\/a><\/p>\n<p \/>\n      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODY5Mzc4MiM1MjU2MjIzIzUwMDEwNDYyMQ==\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/MWIwM2ZmMGEtZWMxMC00MDgyLWE1NDItMDVlNTJiMzg0Y2I3LTUwMDEwNDYyMQ==\/tiny\/Visionary-Education-Technology.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Toronto, Canada, Nov. 09, 2022 (GLOBE NEWSWIRE) &#8212; Visionary Education Technology Holdings Group Inc. (the &#8220;Company&#8221;) (NASDAQ: VEDU), a private education provider located in Canada, with subsidiaries in Canada and market partners in China, today announced that the Company has received a written notification (the \u201cNotification Letter\u201d) from the Nasdaq Stock Market LLC (\u201cNasdaq\u201d) on November 2, 2022, notifying the Company that it is not in compliance with the minimum bid price requirement set forth in Nasdaq Rules for continued listing on the Nasdaq. Nasdaq Listing Rule 5550(a)(2) requires listed securities to maintain a minimum bid price of US$1.00 per share, and Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if the deficiency &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/visionary-education-technology-receives-nasdaq-notification-regarding-minimum-bid-price-deficiency\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Visionary Education Technology Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-709489","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Visionary Education Technology Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/visionary-education-technology-receives-nasdaq-notification-regarding-minimum-bid-price-deficiency\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Visionary Education Technology Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Toronto, Canada, Nov. 09, 2022 (GLOBE NEWSWIRE) &#8212; Visionary Education Technology Holdings Group Inc. (the &#8220;Company&#8221;) (NASDAQ: VEDU), a private education provider located in Canada, with subsidiaries in Canada and market partners in China, today announced that the Company has received a written notification (the \u201cNotification Letter\u201d) from the Nasdaq Stock Market LLC (\u201cNasdaq\u201d) on November 2, 2022, notifying the Company that it is not in compliance with the minimum bid price requirement set forth in Nasdaq Rules for continued listing on the Nasdaq. Nasdaq Listing Rule 5550(a)(2) requires listed securities to maintain a minimum bid price of US$1.00 per share, and Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if the deficiency &hellip; Continue reading &quot;Visionary Education Technology Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/visionary-education-technology-receives-nasdaq-notification-regarding-minimum-bid-price-deficiency\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-10T04:03:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODY5Mzc4MiM1MjU2MjIzIzUwMDEwNDYyMQ==\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/visionary-education-technology-receives-nasdaq-notification-regarding-minimum-bid-price-deficiency\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/visionary-education-technology-receives-nasdaq-notification-regarding-minimum-bid-price-deficiency\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Visionary Education Technology Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency\",\"datePublished\":\"2022-11-10T04:03:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/visionary-education-technology-receives-nasdaq-notification-regarding-minimum-bid-price-deficiency\\\/\"},\"wordCount\":657,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/visionary-education-technology-receives-nasdaq-notification-regarding-minimum-bid-price-deficiency\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODY5Mzc4MiM1MjU2MjIzIzUwMDEwNDYyMQ==\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/visionary-education-technology-receives-nasdaq-notification-regarding-minimum-bid-price-deficiency\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/visionary-education-technology-receives-nasdaq-notification-regarding-minimum-bid-price-deficiency\\\/\",\"name\":\"Visionary Education Technology Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency - 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(the &#8220;Company&#8221;) (NASDAQ: VEDU), a private education provider located in Canada, with subsidiaries in Canada and market partners in China, today announced that the Company has received a written notification (the \u201cNotification Letter\u201d) from the Nasdaq Stock Market LLC (\u201cNasdaq\u201d) on November 2, 2022, notifying the Company that it is not in compliance with the minimum bid price requirement set forth in Nasdaq Rules for continued listing on the Nasdaq. 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