Visionary Holdings Receives Nasdaq Staff Determination Letter and Plans Hearing Request to Maintain Listing Status

TORONTO, Canada — June 2026 — Visionary Holdings Inc. (NASDAQ: GV), a technology-driven company focused on education, healthcare innovation, and emerging technology sectors, has announced that it has received a Staff Determination Letter from The Nasdaq Stock Market LLC. The notification represents a significant regulatory development for the company as it works to maintain its listing on the Nasdaq Capital Market.

Nasdaq Issues Staff Determination Letter

According to the company's announcement, Nasdaq informed Visionary Holdings that it is currently not in compliance with one or more continued listing requirements. As a result, Nasdaq has issued a Staff Determination Letter indicating that the company's securities could face delisting unless appropriate corrective actions are taken.

The receipt of such a determination letter is part of Nasdaq's standard regulatory process designed to ensure that all listed companies continue to meet financial, governance, reporting, and market-related standards required by the exchange.

Visionary Holdings emphasized that the determination does not immediately result in the suspension or removal of its shares from trading. Instead, the company retains the right to appeal the decision and present its case before an independent Nasdaq Hearings Panel.

Company Intends to Request a Nasdaq Hearing

In response to the notification, Visionary Holdings confirmed that it intends to submit a formal request for a hearing before the Nasdaq Hearings Panel within the prescribed timeframe.

The hearing process provides listed companies with an opportunity to explain the circumstances surrounding any compliance deficiencies and present plans designed to restore compliance with Nasdaq's continued listing standards.

Management believes that requesting a hearing represents the most appropriate course of action and demonstrates the company's commitment to maintaining its Nasdaq listing.

By requesting a hearing, Visionary Holdings may also obtain a temporary stay of any delisting action while the appeal process is underway, subject to Nasdaq's rules and procedures.

Background of Compliance Challenges

The latest determination letter follows several compliance-related matters disclosed by the company earlier in 2026.

During recent months, Visionary Holdings reported receiving various notifications from Nasdaq concerning listing compliance requirements, including matters related to filing obligations, minimum bid price standards, and other regulatory requirements applicable to companies listed on the Nasdaq Capital Market.

The company has publicly stated that it has been actively working with advisors, auditors, and regulatory professionals to address these matters and strengthen its compliance framework.

Previous Nasdaq Notifications

Earlier announcements indicated that Visionary Holdings had received notifications regarding delayed regulatory filings and minimum bid price requirements. The company has consistently stated that it remains committed to taking all necessary actions to regain and maintain full compliance with Nasdaq standards.

Management noted that the company continues to evaluate strategic alternatives and operational initiatives that may support long-term compliance and shareholder value creation.

Visionary Holdings' Response Strategy

Visionary Holdings' leadership has outlined a multi-step approach to addressing the issues identified by Nasdaq.

The strategy includes:

• Maintaining open communication with Nasdaq regulators.
• Preparing documentation for the upcoming hearing process.
• Developing a detailed compliance restoration plan.
• Strengthening financial reporting procedures.
• Enhancing corporate governance practices.
• Implementing measures designed to support long-term listing compliance.

The company stated that it intends to provide Nasdaq with evidence demonstrating its commitment to resolving any outstanding deficiencies within a reasonable timeframe.

Importance of Nasdaq Listing

Maintaining a Nasdaq listing is considered strategically important for Visionary Holdings.

A continued presence on Nasdaq offers several advantages, including:

• Access to global capital markets.
• Improved visibility among institutional investors.
• Enhanced credibility with customers and business partners.
• Greater liquidity for shareholders.
• Opportunities to support future growth initiatives.

Company executives have repeatedly emphasized that preserving the Nasdaq listing remains a key corporate objective.

Impact on Investors

The announcement has attracted attention from investors monitoring the company's regulatory status and future growth prospects.

While a Staff Determination Letter can create uncertainty, market participants generally recognize that the hearing process provides companies with an opportunity to address compliance concerns before any final delisting decision is made.

Investors are expected to closely monitor upcoming developments, including the timing of the hearing request, Nasdaq's response, and any updates regarding the company's compliance efforts.

Industry analysts note that outcomes in such cases often depend on the strength of the company's remediation plan and its ability to demonstrate a credible path toward full compliance.

Business Operations Continue Normally

Visionary Holdings indicated that its day-to-day business operations continue without interruption despite the regulatory matter.

The company remains focused on executing its strategic initiatives across its core business segments, including technology integration, healthcare innovation, education services, and emerging growth opportunities.

Management reiterated that the Nasdaq matter does not affect the company's ongoing operations, customer relationships, or commitment to serving stakeholders.

Corporate Growth and Future Plans

Looking ahead, Visionary Holdings plans to continue pursuing growth opportunities in sectors that align with its long-term vision.

The company has previously highlighted initiatives involving advanced healthcare technologies, regenerative medicine, digital transformation, and innovative education solutions.

Executives believe these areas offer substantial long-term potential and may contribute to strengthening the company's financial position over time.

As part of its broader corporate strategy, Visionary Holdings intends to continue exploring partnerships, investments, and business development opportunities that support sustainable growth.

Nasdaq Hearing Process Explained

The Nasdaq hearing process serves as an important safeguard for listed companies facing compliance challenges.

When a company receives a Staff Determination Letter, it generally has the right to request a hearing before an independent panel. During the hearing, company representatives may present evidence, discuss corrective actions, and explain how they intend to regain compliance.

The panel then reviews the information provided and determines whether additional time or accommodations should be granted.

Possible outcomes include:

• Granting additional time to regain compliance.
• Imposing specific compliance milestones.
• Maintaining current listing status under certain conditions.
• Proceeding with delisting if compliance concerns remain unresolved.

Each case is evaluated individually based on the facts and circumstances presented.

Management Remains Optimistic

Despite the challenges associated with the Nasdaq determination, Visionary Holdings expressed confidence in its ability to address the issues raised by the exchange.

Management stated that it is fully committed to working cooperatively with Nasdaq and pursuing all available avenues to maintain its listing status.

The company also reaffirmed its dedication to transparency and pledged to keep shareholders informed regarding significant developments throughout the hearing and compliance process.

Looking Forward

As Visionary Holdings prepares its hearing request, investors and market observers will be watching closely for additional updates.

The coming weeks are expected to be important as the company presents its compliance strategy and seeks a favorable outcome from Nasdaq.

While challenges remain, Visionary Holdings believes that its ongoing efforts, strategic initiatives, and commitment to regulatory compliance position the company to move forward and continue executing its long-term growth plans.

For now, the company remains focused on preserving its Nasdaq listing, strengthening corporate governance, and delivering value to shareholders as it navigates the regulatory review process.

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