Jun. 26 at 8:12 PM
$ELWS
Earlyworks Co., Ltd. Granted Extension by Nasdaq Hearings Panel to Regain Compliance with Continued Listing Requirements
Earlyworks (NASDAQ:ELWS), a Japanese blockchain technology company, has received an extension from the Nasdaq Hearings Panel to maintain its listing on the Nasdaq Capital Market until September 19, 2025. The company failed to meet Nasdaq's minimum market value requirement of
$35 million and is now pursuing compliance through an alternative standard requiring minimum stockholders' equity of
$2.5 million.
The extension is conditional upon Earlyworks filing public disclosures about compliance-achieving transactions, providing a recent balance sheet, and submitting 12-month income projections by the September deadline. The company's ADSs will continue trading on Nasdaq during this period.