TORONTO, October 25, 2025 – Visionary Holdings Inc. (Nasdaq: GV), a Canadian-based private education service provider focusing on integrating technology into its academic offerings, announced it received a notification from Nasdaq on August 5, 2025, regarding non-compliance with Nasdaq Listing Rule 5250(c)(1). The notification stems from the company’s delay in filing its Annual Report on Form 20-F for the fiscal year ended March 31, 2025.
While the Nasdaq letter doesn’t immediately impact the listing or trading of Visionary Holdings’ common shares on the Nasdaq Capital Market, the company was given a 60-day window to present a plan to rectify the deficiency. Visionary submitted its compliance plan on October 6, 2025, and is currently awaiting review by Nasdaq.
Company representatives stated that Visionary is actively working with its independent auditor to expedite the audit process and file the Form 20-F as quickly as possible. “The company remains committed to full compliance with its reporting obligations and to maintaining its listing on Nasdaq,” the company said in a statement.
Analysts note that delays in financial reporting can raise concerns among investors regarding a company’s internal controls, transparency, and overall financial health. The market’s reaction to Visionary’s situation will likely depend on the speed and detail with which the company addresses the delay and communicates with shareholders. Failing to meet the extended deadline could lead to delisting procedures and further erosion of investor confidence. The increased scrutiny may also impact the company’s ability to attract future investment or secure advantageous financing terms.
Visionary’s reliance on technology within its education platform requires significant, ongoing investment in IT infrastructure. Delays in auditing may be related to difficulties in assessing newly implemented technological solutions or uncertainties in how these solutions have impacted financial reporting. This situation highlights the challenges faced by companies increasingly relying on advanced technologies such as machine learning, AI and Blockchain to improve learning outcomes and student engagement.
About Visionary Holdings Inc.
Visionary Holdings Inc., headquartered in Markham, Ontario, Canada, operates through its subsidiaries in both the private and public education sectors. The business is focused on delivering academic programs supported by technology-driven platforms to both local and international students.
Forward-Looking Statements
This announcement contains forward-looking statements regarding Visionary Holdings’ efforts to regain compliance with Nasdaq continued listing requirements and the anticipated timing of its SEC filings. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Visionary Holdings undertakes no obligation to update these statement, except as required by federal securities laws.
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