Reported Friday, Yoshiharu To Appeal Nasdaq Decision, Aiming To Reverse Delisting Over Equity Issues

On February 18, 2025, the Company received a notification letter (the "Letter") from the Nasdaq Listing Qualifications Staff (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that because it remains out of compliance with Listing Rule 5550(b)(1), which requires that the Company maintain stockholders' equity of at least $2,500,000 for continued listing, Nasdaq has scheduled the Company's securities for delisting from Nasdaq.