Earlyworks Co., Ltd. Regains Compliance with Nasdaq Minimum Bid Price Requirement

Core Points - Earlyworks Co., Ltd. has regained compliance with Nasdaq's minimum bid price requirement for continued listing [1][2][3] - The company's American Depositary Shares (ADSs) traded above $1.00 for 20 consecutive business days from May 16, 2024, to June 14, 2024 [2] - The company had previously received a determination letter from Nasdaq regarding potential delisting due to non-compliance, but successfully appealed and demonstrated compliance [3] Company Overview - Earlyworks Co., Ltd. operates proprietary private blockchain technology known as Grid Ledgers System (GLS) [4] - GLS is a hybrid blockchain that offers high-speed processing (0.016 seconds per transaction), tamper-resistance, security, and zero server downtime [4] - The technology is applicable across various industries, including real estate, advertisement, telecommunications, metaverse, and financial services [4]