Vestand Inc. Receives Nasdaq Staff Delisting Determination

Vestand Inc. has received a Staff Delisting Determination from Nasdaq due to non-compliance with listing rules, stemming from the failure to file its September 30, 2025, and December 31, 2025, quarterly and annual reports, respectively, along with its March 31, 2026, quarterly report. While this determination initiates a potential delisting process, it does not have an immediate effect on trading. Vestand has requested a hearing to appeal the determination, which may stay the suspension of its securities for a limited period. The company is actively working to file the delinquent reports to regain compliance. However, there is no guarantee that the appeal will be successful or that the company will be granted an extension, which could lead to the delisting of its Class A Common Stock from the Nasdaq Stock Market. The company may seek trading on the over-the-counter market if delisted.