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Cryptocurrency Specifically, the Company does not comply with the initial listing requirement of $5,000,000 minimum stockholders’ equity for The Nasdaq Capital Market, as contemplated for a second 180-day period.
Key Points:
- Specifically, the Company does not comply with the initial listing requirement of $5,000,000 minimum stockholders’ equity for The Nasdaq Capital Market, as contemplated for a second 180-day period.
- The Company plans to appeal the Determination to the Panel in due course.
- A hearing request will stay the suspension of the Company’s securities and the filing of Form 25-NSE pending the Panel’s decision.
- The Company is considering all options available to it, including a reverse stock split, and will provide its shareholders with material updates when they are available.
Retrieved on:
Wednesday, April 10, 2024
This notice has no immediate effect on the listing or trading of the Company's American Depositary Shares on Nasdaq.
Key Points:
- This notice has no immediate effect on the listing or trading of the Company's American Depositary Shares on Nasdaq.
- Under Nasdaq’s listing rules, the Company has 60 calendar days to submit a plan to regain compliance.
- The Company is working diligently to complete the interim report and will file the report as soon as practicable.
- This announcement is made in compliance with Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a deficiency notification.
TOKYO, Japan, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Warrantee Inc. (Nasdaq: WRNT) (the "Company" or "Warrantee"), a Japanese marketing and market research technology company, today announced that it had received a letter from the Nasdaq Office of General Office dated February 1, 2024, confirming that the Company had regained compliance with Nasdaq's filing requirement set forth in Listing Rule 5250(c)(1), since the Company filed its Form 20-F for the period ended March 31, 2023 on January 31, 2024.
Key Points:
- TOKYO, Japan, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Warrantee Inc. (Nasdaq: WRNT) (the "Company" or "Warrantee"), a Japanese marketing and market research technology company, today announced that it had received a letter from the Nasdaq Office of General Office dated February 1, 2024, confirming that the Company had regained compliance with Nasdaq's filing requirement set forth in Listing Rule 5250(c)(1), since the Company filed its Form 20-F for the period ended March 31, 2023 on January 31, 2024.
- As a result, the scheduled hearing before the Hearings Panel on February 8, 2024 relating to the delisting determination resulting from the failure to file such Form 20-F had been cancelled and the matter was closed.
- The Company’s American Depositary Shares will continue to be listed and traded on the Nasdaq Capital Market under the symbol “WRNT.”
Retrieved on:
Wednesday, January 31, 2024
TOKYO, Jan. 31, 2024 /PRNewswire/ – Warrantee Inc. (Nasdaq: WRNT) (the "Company" or "Warrantee"), a Japanese marketing and market research technology company, today announced its financial results for fiscal year ended March 31, 2023.
Key Points:
- TOKYO, Jan. 31, 2024 /PRNewswire/ – Warrantee Inc. (Nasdaq: WRNT) (the "Company" or "Warrantee"), a Japanese marketing and market research technology company, today announced its financial results for fiscal year ended March 31, 2023.
- Revenue was JPY243.2 million ($1.8 million) for fiscal year 2023, which increased by 8% from JPY224.7 million for fiscal year 2022, because the Company mainly focused on one significant market campaign service in the durables vertical in fiscal year 2023, which comprises 88% of the revenue for fiscal year 2023.
- Gross profit was JPY241.1 million ($1.8 million) for fiscal year 2023, which increased by 9% from JPY222.2 million for fiscal year 2022.
- Cash used in investing activity was JPY8.7 million ($0.1 million) for fiscal year 2023, compared to JPY20.8 million for fiscal year 2022.
Retrieved on:
Thursday, November 2, 2023
Nasdaq explained in the Letter that the Company’s noncompliance with the first required periodic report after listing raised questions regarding the Company’s ability and readiness to be a Nasdaq listed company.
Key Points:
- Nasdaq explained in the Letter that the Company’s noncompliance with the first required periodic report after listing raised questions regarding the Company’s ability and readiness to be a Nasdaq listed company.
- This announcement is made in compliance with Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a deficiency notification.
- The Letter stated that the Company may appeal Staff’s determination to a Hearings Panel pursuant to the procedures set forth in the Nasdaq Listing Rule 5800 Series.
- The Company intends to request a hearing to appeal the Staff’s delisting determination and an extended stay by 4:00 p.m. (Eastern Time) on November 3, 2023.
Retrieved on:
Tuesday, October 17, 2023
This press release is issued pursuant to Nasdaq Listing Rule 5810(b), which requires prompt disclosure upon the receipt of a deficiency notification.
Key Points:
- This press release is issued pursuant to Nasdaq Listing Rule 5810(b), which requires prompt disclosure upon the receipt of a deficiency notification.
- Nasdaq Listing Rule 5550(a)(2) requires listed companies to maintain a minimum bid price of US$1.00 per share and Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive business days.
- Based on the closing bid price of the Company's American Depositary Shares (“ADSs”) for the 30 consecutive business days from August 30, 2023 to October 12, 2023, the Company no longer meets the minimum bid price requirement.
- To regain compliance, the Company's ADSs must have a closing bid price of at least US$1.00 for a minimum of 10 consecutive business days.
Retrieved on:
Wednesday, August 23, 2023
This notice has no immediate effect on the listing or trading of the Company's American Depositary Shares on Nasdaq.
Key Points:
- This notice has no immediate effect on the listing or trading of the Company's American Depositary Shares on Nasdaq.
- Under Nasdaq’s listing rules, the Company has 60 calendar days to submit a plan to regain compliance.
- The Company is working diligently to complete the annual report and will file the report as soon as practicable.
- This announcement is made in compliance with Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a deficiency notification.
Advertising,
Winston & Strawn,
Marketing,
ADS,
American depositary receipt,
Sale,
Prospectus,
Offering,
Form,
File,
Cryptocurrency Tokyo, Japan, July 27, 2023 (GLOBE NEWSWIRE) -- Warrantee Inc. (Nasdaq: WRNT) (the “Company” or “Warrantee”), a Japanese marketing and market research technology company, today announced the closing of its initial public offering (the “Offering”) of 2,400,000 American Depositary Shares (“ADSs”) at a public offering price of US$4.00 per ADS.
Key Points:
- Tokyo, Japan, July 27, 2023 (GLOBE NEWSWIRE) -- Warrantee Inc. (Nasdaq: WRNT) (the “Company” or “Warrantee”), a Japanese marketing and market research technology company, today announced the closing of its initial public offering (the “Offering”) of 2,400,000 American Depositary Shares (“ADSs”) at a public offering price of US$4.00 per ADS.
- Spartan Capital Securities, LLC acted as the selected dealer for the Offering.
- The Company received aggregate gross proceeds of US$9.60 million from the Offering, before deducting underwriting discounts and other related expenses.
- In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 360,000 ADSs at the public offering price, less underwriting discounts.
Advertising,
Winston & Strawn,
Marketing,
ADS,
American depositary receipt,
Sale,
Prospectus,
Offering,
Form,
File,
Security (finance) Tokyo, Japan, July 25, 2023 (GLOBE NEWSWIRE) -- Warrantee Inc. (the “Company” or “Warrantee”), a Japanese marketing and market research technology company, today announced the pricing of its initial public offering (the “Offering”) of 2,400,000 American Depositary Shares (“ADSs”) at a public offering price of US$4.00 per ADS.
Key Points:
- Tokyo, Japan, July 25, 2023 (GLOBE NEWSWIRE) -- Warrantee Inc. (the “Company” or “Warrantee”), a Japanese marketing and market research technology company, today announced the pricing of its initial public offering (the “Offering”) of 2,400,000 American Depositary Shares (“ADSs”) at a public offering price of US$4.00 per ADS.
- Prime Number Capital LLC is acting as the sole book runner for the Offering.
- The Company expects to receive aggregate gross proceeds of US$9.60 million from the Offering, before deducting underwriting discounts and other related expenses.
- In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 360,000 ADSs at the public offering price, less underwriting discounts.
