Stockholders' Equity Compliance
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Happy City Holdings Limited Receives Nasdaq Notification Regarding Minimum Stockholders' Equity Deficiency
Globenewswire· 2026-01-27 21:30
Core Viewpoint - Happy City Holdings Limited is currently not in compliance with Nasdaq's Minimum Stockholders' Equity Rule, as it reported stockholders' equity of $2,206,497, below the required $2,500,000 [1][2]. Group 1: Compliance Status - The Company received a notification from Nasdaq on January 23, 2026, indicating non-compliance with the minimum stockholders' equity requirement [1]. - The Company has until March 9, 2026, to submit a plan to regain compliance, with the possibility of an extension of up to 180 days if the plan is accepted [3][4]. Group 2: Business Operations - Despite the notification, the trading of the Company's Class A Ordinary Shares under the symbol "HCHL" on Nasdaq is unaffected, and its business operations remain stable [3]. - The Company is actively evaluating measures to regain compliance while maintaining its listing on Nasdaq [4]. Group 3: Company Overview - Happy City Holdings Limited operates three all-you-can-eat hotpot restaurants in Hong Kong, offering a unique dining experience with a focus on food quality [5].
GD Culture Group Limited Receives Nasdaq Notification Regarding Minimum Stockholders' Equity Deficiency
Newsfilter· 2025-04-01 12:00
Core Points - GD Culture Group Limited ("GDC") received a Notification Letter from Nasdaq indicating non-compliance with Listing Rule 5550(b)(1), which requires a minimum of $2.5 million in stockholders' equity for continued listing [1] - As of the fiscal year ended December 31, 2024, GDC reported stockholders' equity of $2.643 million, which is above the minimum requirement, but Nasdaq determined that the company does not meet other listing criteria [1] - The Notification Letter does not have an immediate effect on GDC's listing status, and the company has until May 4, 2025, to submit a compliance plan [2] - If the compliance plan is accepted, GDC may receive an additional compliance period of up to 180 days to demonstrate compliance [2] - The company's business operations remain unaffected by the Notification Letter, and it is exploring options to regain compliance [3] - GDC is focused on entering the livestreaming market with an emphasis on e-commerce through its subsidiary, AI Catalysis Corp. [4] Company Overview - GD Culture Group Limited operates primarily through its subsidiaries, including AI Catalysis Corp. and Shanghai Xianzhui Technology Co, Ltd. [4] - The company is engaged in AI-driven digital human technology and live-streaming e-commerce business [4]