BloomZ Receives Nasdaq Extension to Regain Compliance, Shares Rise

BloomZ has received a Nasdaq extension to regain compliance, and its shares rose after hours. The company was previously at risk of being delisted due to non-compliance with Nasdaq listing rules. Other companies, such as IOThree and Venus Concept, have also received Nasdaq notifications regarding minimum bid price deficiencies and listing rule compliance.

BloomZ Inc. (NASDAQ: BLMZ), a Japanese audio production, VTuber, entertainment, and voice actor management company, has received a second 180-day extension from the Nasdaq Listing Qualification Staff to regain compliance with the minimum $1.00 per share bid price requirement for continued listing on the Nasdaq Capital Market [1][2][3][4]. The company's stock price rose after hours following the announcement.

The initial notification of non-compliance was issued on December 2, 2024, after which BloomZ was given until June 2, 2025, to rectify the situation. Despite efforts, BloomZ was unable to meet the requirement within the initial period. The Nasdaq Listing Qualification Staff has now determined that BloomZ is eligible for a second 180-day compliance period, extending until December 1, 2025 [1][2][3][4].

To regain compliance, BloomZ’s common stock must maintain a closing bid price of at least $1.00 for ten consecutive business days before December 1, 2025. Failure to achieve this will result in a notice of delisting, although the company will then have the right to appeal the decision to a Nasdaq Hearings Panel [1][2][3][4].

BloomZ, headquartered in the Cayman Islands, operates BloomZ Japan, which is involved in sound production for anime and games, as well as managing and promoting voice actors and VTubers. The company has also been expanding into next-generation entertainment businesses [1][2][3][4].

This extension follows similar actions taken by other companies such as IOThree and Venus Concept, which have also received Nasdaq notifications regarding minimum bid price deficiencies and listing rule compliance [1][2][3][4].

References:
[1] https://www.morningstar.com/news/accesswire/1036222msn/bloomz-granted-180-day-extension-by-nasdaq-to-regain-compliance-with-minimum-bid-requirement
[2] https://www.investing.com/news/company-news/bloomz-granted-extension-to-meet-nasdaq-compliance-93CH-4085627
[3] https://www.streetinsider.com/Corporate+News/Bloomz+%28BLMZ%29+receives+180+day+extension+to+regain+Nasdaq+compliance/24909165.html
[4] https://www.theglobeandmail.com/investing/markets/markets-news/ACCESS%20Newswire/32765202/bloomz-granted-180-day-extension-by-nasdaq-to-regain-compliance-with-minimum-bid-requirement/