(Amendment)Notice regarding Plan to Delist American Depositary Receipts from NASDAQ Capital Market and Deregister with U.S. Securities and Exchange Commission

Core Points - The company, Pixie Dust Technologies, Inc., has announced its decision to voluntarily delist its American Depositary Receipts (ADRs) from NASDAQ and deregister with the U.S. Securities and Exchange Commission (SEC) [3][4] - The effective date for the delisting from NASDAQ is set for November 14, 2024, with trading of the ADRs suspended prior to this date [1][2] - The company cited substantial costs associated with maintaining its NASDAQ listing and ongoing reporting obligations as reasons for the delisting [4] Delisting Schedule - Notice of voluntary delisting to NASDAQ was planned for October 23, 2024 [2] - Filing of Form 25 with the SEC for delisting is planned for November 4, 2024 [2] - Delisting from NASDAQ will become effective on November 14, 2024 [2] - Filing of Form 15-F with the SEC to terminate ongoing disclosure obligations is also planned for November 14, 2024 [2] - Termination of the deposit agreement with the depositary bank is planned for January 21, 2025 [2] - Deregistration from the SEC is planned to become effective on February 12, 2025 [2] Reasons for Delisting - The company initially listed its ADRs on NASDAQ in August 2023 to access U.S. capital markets and raise capital through its IPO [3] - The decision to delist is aimed at reallocating financial and human resources towards business growth [4] - The company has fulfilled its disclosure obligations under the Securities Exchange Act and established necessary internal control systems [3]