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Stock impact report

Earlyworks Co., Ltd. Received a Notification from NASDAQ Regarding Deficiency in Continued Listing Requirements

Earlyworks Co., Ltd. (ELWS) 
Company Research Source: GlobeNewswire
TOKYO, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Earlyworks Co., Ltd. (Nasdaq: ELWS) (the “Company” or “Earlyworks”) announced today that it received a notification (the “Notice”) from the Listing Qualifications Department of the Nasdaq Stock Market LLC (“NASDAQ”) on October 29, 2024, indicating that the Company is not currently in compliance with the minimum Market Value of Listed Securities (“MVLS”) requirement as set forth in NASDAQ’s continued listing standards for the Nasdaq Capital Market. NASDAQ Listing Rule 5550(b)(2) requires companies to maintain a minimum MVLS of US$35 million, and NASDAQ Listing Rule 5810(c)(3)(C) specifies that a deficiency occurs if the MVLS falls below this threshold for 30 consecutive business days. Based on the Company’s MVLS for the 30 consecutive business days from September 17, 2024, to October 28, 2024, the Company no longer meets this requirement. This Notice does not affect the listing or trading of the Company’s securities at this time. The Company Show less Read more
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