Hanryu Holdings, Inc. Announces Receipt of a Delinquency Compliance Alert Notice from Nasdaq
25 5월 2024 - 5:18AM
Hanryu Holdings, Inc. (NASDAQ: HRYU) (“Hanryu” or the “Company”), a
media-tech company and creator of FANTOO, an all-in-one social
media experience connecting k-culture fans globally, today
announced that on May 21, 2024, it received a delinquency
compliance alert notice from the Listing Qualifications Department
of The Nasdaq Stock Market LLC (“Nasdaq”) advising the Company that
due to the Company’s failure to timely file its Quarterly Report on
Form 10-Q for the period ended March 31, 2024 and because the
Company remains delinquent in filing its Form 10-K for the year
ended December 31, 2023 with the Securities and Exchange Commission
(the “
SEC”), the Company is not in compliance with
Nasdaq’s continued listing requirements under Nasdaq Listing Rule
5250(c)(1), which requires the timely filing of all required
periodic reports with the SEC.
Nasdaq provided the Company until June 17, 2024,
to submit a plan to regain compliance with the Rule (the
“Plan”). The Company intends to submit its plan of
compliance to Nasdaq by June 17, 2024. If Nasdaq accepts the Plan,
the Company may be granted an extension of up to 180 calendar days
from the due date of the Form 10-K, or until October 14, 2024, to
regain compliance with the Rule. In the event the Plan is not
accepted by Nasdaq, the Company may appeal that decision to a
Hearings Panel.
About Hanryu Holdings,
Inc.
Hanryu Holdings, Inc., is the creator of the
engaging and innovative social media platform, "FANTOO". FANTOO
connects users around the world that share similar interests by
providing distinctive service offerings, technologies,
applications, and websites. Through FANTOO, we provide a global
multi-media platform for our users to interact with other
like-minded users, to share their appreciation of various types of
entertainment and cultures, create their own content, enjoy other
users' content, engage in commerce, and experience a "fandom"
community we believe is unlike any other. For more information,
please visit www.hanryuholdings.com.
Forward-Looking Statements
This announcement contains forward-looking
statements as defined under Section 27A of the Securities Act of
1933 and Section 21E of the Securities Exchange Act of 1934,
formulated in accordance with the 'safe harbor' provisions of the
Private Securities Litigation Reform Act of 1995. These statements,
reflecting the Company's projections about its future financial and
operational performance, employ terms like 'believes,' 'estimates,'
'anticipates,' 'expects,' 'plans,' 'projects,' 'intends,'
'potential,' 'target,' 'aim,' 'predict,' 'outlook,' 'seek,' 'goal,'
'objective,' 'assume,' 'contemplate,' 'continue,' 'positioned,'
'forecast,' 'likely,' 'may,' 'could,' 'might,' 'will,' 'should,'
'approximately,' and similar expressions to convey the uncertainty
of future events or outcomes. These forward-looking statements are
based on the Company's current expectations, assumptions, and
projections, involving judgments about future economic conditions,
competitive landscapes, market dynamics, and business decisions,
many of which are inherently challenging to predict accurately and
are largely beyond the Company's control. Additionally, these
statements are subject to a multitude of known and unknown risks,
uncertainties, and other variables that could significantly diverge
the Company's actual results from those depicted in any
forward-looking statement. These factors include, but are not
limited to, varying economic conditions, competitive pressures, and
regulatory changes. Because of these and other risks, uncertainties
and assumptions, undue reliance should not be placed on these
forward-looking statements. In addition, these statements speak
only as of the date of this press release and, except as may be
required by law, the Company undertakes no obligation to revise or
update publicly any forward-looking statements for any reason.
Company Contact:
Hanryu Holdings, Inc. Taehoon Kimcontact@hanryuholdings.com
Investor Contact:
Hanryu Holdings, Inc. Taehoon Kimkth@hanryubank.com
Hanryu (NASDAQ:HRYU)
과거 데이터 주식 차트
부터 11월(11) 2024 으로 12월(12) 2024
Hanryu (NASDAQ:HRYU)
과거 데이터 주식 차트
부터 12월(12) 2023 으로 12월(12) 2024