Hanryu Holdings, Inc. Announces Receipt of a Delinquency Compliance Alert Notice from Nasdaq

Core Viewpoint - Hanryu Holdings, Inc. has received a delinquency compliance alert from Nasdaq due to its failure to timely file required financial reports, which puts the company at risk of non-compliance with Nasdaq's listing requirements [1][2] Group 1: Compliance Issues - The company failed to file its Quarterly Report on Form 10-Q for the period ended March 31, 2024, and is also delinquent in filing its Form 10-K for the year ended December 31, 2023 [1] - Nasdaq has provided the company until June 17, 2024, to submit a plan to regain compliance with its listing requirements [2] - If the plan is accepted, the company may receive an extension of up to 180 days to regain compliance, potentially until October 14, 2024 [2] Group 2: Company Overview - Hanryu Holdings, Inc. is a media-tech company known for its social media platform, FANTOO, which connects global fans of K-culture [3] - FANTOO offers a unique multimedia platform for users to interact, share content, and engage in commerce within a fandom community [3]