VISIONARY HOLDINGS INC.

Visionary Holdings received an official letter from the NASDAQ for failing to timely file Form 6‑K and for violating listing rule 5250(c)(1). The company missed the deadline to submit a compliance plan, and NASDAQ announced it will suspend trading in the common stock at the U.S. market open on June 15, 2026, unless a request for a hearing is filed by 4:00 p.m. ET. Visionary Holdings has since submitted a plan to regain compliance, formed a task force to investigate, and is preparing for a hearing; the company also points to its weak financial condition. » Mere på de.investing.com

Visionary has submitted permit applications to the Department of Energy and Mines of Newfoundland and Labrador for phase-2 diamond drilling on the Pt. Leamington VMS deposit. The program includes two drill rigs, prospecting work and ground-based geophysical surveys on the about 30,000-hectare land package and aims to upgrade and expand the existing resource as well as the Kraken zone identified during phase 1. Field teams are on site preparing pads; phase-1 drilling returned several copper intervals and the current indicated resource is 5.0 million tonnes (402,000 ounces gold equivalent), with an inferred 13.7 million tonnes (986,500 ounces GE). » Mere på de.investing.com

Nasdaq sent Visionary Holdings a letter because the closing price of the common stock was below $1.00 for 30 consecutive trading days (Feb. 23 to Apr. 6, 2026). The stock currently trades at $0.31, 93% below its 52-week high, with a market capitalization of about $1.7 million. Nasdaq set a deadline of Oct. 5, 2026, by which the price must be at least $1.00 for at least ten consecutive trading days to regain compliance; under certain conditions an extension is possible, for example after announcing a measure such as a reverse stock split. Visionary Holdings is reviewing options to restore compliance. » Mere på de.investing.com