BREA, Calif., May  26, 2026  (GLOBE NEWSWIRE) -- Vestand Incorporated (NASDAQ:VSTD) (&#34;Vestand&#34; or the &#34;Company&#34;) received a Staff Delisting Determination letter (the &#34;Staff Determination&#34;) from the Listing Qualifications

VSTD

Vestand Receives Nasdaq Staff Determination Notification Regarding Late 10-Q and 10-K Filings and Continued Listing Requirements

Nasdaq delisting assessment adds near-term risk for Vestand's VSTD shares

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>BREA, Calif., May  26, 2026  (GLOBE NEWSWIRE) -- Vestand Incorporated (NASDAQ:VSTD) (&amp;#34;Vestand&amp;#34; or the &amp;#34;Company&amp;#34;) received a Staff Delisting Determination letter (the &amp;#34;Staff Determination&amp;#34;) from the Listing Qualifications</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Vestand disclosed Nasdaq issued a Staff Delisting Determination due to delinquent SEC filings. The company has requested a hearing and a stay; while there is no immediate suspension, the risk of delisting and related liquidity challenges could pressure VSTD&#039;s valuation during the 30–45 day window.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Nasdaq issued Staff Delisting Determination for Vestand Inc. (VSTD) on May 19, 2026.</li><li>Delisting due to delinquent Form 10-Q/10-K filings for 2025–2026.</li><li>Hearing requested May 22; hearings expected 30–45 days after request.</li><li>No immediate suspension; 15-day automatic stay and potential further stay requested.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Vestand Inc. (VSTD)</strong>: Delisting risk; compliance delays could impact liquidity and marketability ahead of the hearing.</li><li><strong>Nasdaq Stock Market LLC (NA)</strong>: Issued the Staff Delisting Determination; regulatory action governs listing compliance.</li><li><strong>Nasdaq Hearings Panel (NA)</strong>: Hearing scheduled 30–45 days after request; potential stay decisions influence near-term volatility.</li></ul>
  </section>

  <section data-block="category">
    <h3>Legal</h3>
    <p>Category: Legal. The report centers on regulatory delisting risk and proceedings, which directly affect listing status, liquidity, and valuation for VSTD.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Nasdaq delisting risk creates liquidity concerns for VSTD.</li><li>Hearing timing (30–45 days) serves as near-term catalyst.</li><li>Delays in filing could extend risk or trigger more scrutiny.</li><li>Stay requests add uncertainty and potential price volatility.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Delinquent reports: Form 10-Q for period ending Sept 30, 2025; Form 10-K for year ended Dec 31, 2025; Form 10-Q for period ending Mar 31, 2026.</li><li>Staff Determination issued May 19, 2026.</li><li>Hearing Request filed May 22, 2026; hearings typically 30–45 days after request.</li><li>Hearing stay: automatic 15-day stay from the date of the request; further stay possible.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Over the next 1–2 months, VSTD trades under pressure pending the hearing outcome on delisting risk.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="left">BREA, Calif., May  26, 2026  (GLOBE NEWSWIRE) -- <strong>Vestand Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/VSTD">VSTD</a>) ("Vestand" or the "Company")</strong> received a Staff Delisting Determination letter (the "Staff Determination") from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") on May 19, 2026, notifying the Company that Nasdaq has initiated a process which could result in the delisting of the Company's securities.</p>  <p align="justify">The Staff Determination was issued as a result of the Company not being in compliance with Listing Rule 5250(c)(1) (the "Rule") because it has not filed its Form 10-Q for the period ended September 30, 2025, its Form 10-K for the year ended December 31, 2025, and its Form 10-Q for the period ended March 31, 2026 (collectively, the "Delinquent Reports").</p>  <p align="justify">The Staff Determination has no immediate effect and will not immediately result in the suspension of trading or delisting of the Company's securities.</p>  <p align="justify">On May 22, 2026, the Company submitted a request for a hearing before the Nasdaq Hearings Panel (the "Hearings Panel") to appeal the Staff Determination (the "Hearing Request"). Hearings are typically scheduled to occur approximately 30 to 45 days after the date of a hearing request. The Hearing Request will automatically stay the suspension of the Company's securities for a period of 15 days from the date of the request. However, in connection with the Hearing Request, the Company also requested that the Staff Determination be further stayed pending the hearing process.</p>  <p align="justify">The Company is working diligently to prepare and file the Delinquent Reports as soon as possible to regain compliance with the Rule. However, there can be no assurance that such reports will be filed before any hearing occurs, that the Hearings Panel will grant the Company's request for a stay pending the hearing process, or that the Company's request for an extension of time to file the Delinquent Reports at the hearing will be granted.</p>  <p align="justify"><strong>About Vestand Inc.</strong></p>  <p align="justify">Vestand (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/VSTD">VSTD</a>) is a U.S. Nasdaq-listed company positioning itself as a global investment platform integrating traditional real-world assets (RWA) with next-generation crypto treasury strategies. Through its U.S. and Korean subsidiaries, the Company intends to connect the global capital markets and pursue a growth model that combines real estate, security technology, and blockchain innovation. For more information, please visit <a href="https://www.globenewswire.com/Tracker?data=8FZ77wqEQMBg1Q9QmWneEGPSQbIPJb2lof1AS054FoksPvrqQS12e4HYtqey9eIWeL7JJoYfI5MYg57vC5L82Ug_JMGfJg8rvoc3ldZMqBLcjmjKAQ8fJ6nx3tRD4FKrv1n2o4FywejcfpEQqZh2gtnSk843FcaF5s7RBzi-06WjgqJJTj6xs3OixhFmYKFyCECvfSIKPJccv3oBVCtsNFcW-EFZw1r_1QtV4Qhe825mgdINi3O3S8HBokXBnlzmqTW18_O7pz-RLm2ObNJ37RWoY0-LTiGqHTrnA17vK3rBcMNY90r5sRdN2FlGa-X7egmI5ZjYBfcX6F7b2JkTZcZ5-ynqvCvveDqIB_ubaIv1fY5Zfwsptg40kBzXvi6j4C4L7xWiXYs4CzTZnI8Cb1agOu2GIrhsi461WycW-0E=" rel="nofollow" target="_blank">https://vestand.com/</a>.</p>  <p><strong>Forward-Looking Statements</strong></p>  <p align="justify">This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. For example, forward-looking statements include statements regarding the timing of the filing of the Delinquent Reports and the outcome of the Company's request for stay and appeal. Actual results could differ materially from the results projected in or implied by the forward-looking statements made in this press release. Factors that might cause these differences include, but are not limited to: the possibility of unanticipated delays that will prevent the filing of the Company's Delinquent Reports; the risk that the work necessary to prepare and complete the Delinquent Reports is greater than anticipated or may involve the resolution of additional issues identified during the review process; the outcome of the Company's appeal of the Staff Determination; the risk that the Company may not respond adequately to further inquiries from Nasdaq relating to or the appeal or during the hearing; and the risk that Nasdaq will not accept any plan to regain compliance and will delist the Company&#39;s Class A common stock. Other risk factors that may impact these forward-looking statements are discussed in more detail in the Company's filings with the SEC, including the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and subsequent reports filed with the SEC from time to time, which can be found on the SEC's website at <a href="https://www.globenewswire.com/Tracker?data=lph4SWLitRniGruRgXhBnaOgPmh5hiuerg0HsNrSlNazAPnWJQciz1znx7A2vuDqNjYtNLv1wfQdRvJJfjs1pse3P0mA3waTPap-zwYT8INMGn9bsDEUrHzMKCCf4ttlCERhGMbOxE1_pxrM460OgrXP54bwlEuoj-nIT0g1u22kO_r1ApFi0GYrnGe4wUVrmRiuS1b-HQkwPY7YJuxltogqkelTLvgrlfrSjwRPQE1dHfWuuiqQSI_nsl-kY31zaobYhrbDLUWGGwx1_UIWw9whLd0HHOgwr44YMkGi3WaR0Cx6-KtSwP0Vtr0tHZLsY_xqnZOyUeSebK90_tqgp9IKPC6FBauvGaSkHk6cvwZCDjmI-RUsYYbbqNA_7ReYdQ2j4ekd_d0fFP54x1q6_g==" rel="nofollow" target="_blank">www.sec.gov</a><u>.</u> The Company cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.</p>  <p><strong>Investor Relations Contact:</strong></p>  <p>Larry W Holub<br></br>Director<br></br>MZ North America<br></br><a href="https://www.globenewswire.com/Tracker?data=jehWo9wuaenDYMj1n1H4mk37cN7HRl53E8CS6A-jUlRw7Zwp1EzzJFlbh1klw6JzBxdKX4uCZN7sD3ckn-z1CAaOMOBe-lTsQoK56bt8Bx4=" rel="nofollow" target="_blank">VSTD@mzgroup.us</a>   <br></br>312-261-6412</p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTcyNjgyMiM3NjIyMDYyIzIyNTIwNDM="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/MGU1MzI2YzItMzYzMS00MjljLThkZGItNjJjM2RlZmQxM2NiLTEyNjM1OTYtMjAyNi0wNS0yNi1lbg==/tiny/Vestand-Inc-.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/3a50a5fd-3c43-4275-9de7-0277ef99e823"><img src="https://ml.globenewswire.com/media/3a50a5fd-3c43-4275-9de7-0277ef99e823/small/vestand-png.png" border="0" width="150" height="150" alt="Primary Logo"></img></a></p>

Vestand disclosed Nasdaq issued a Staff Delisting Determination due to delinquent SEC filings. The company has requested a hearing and a stay; while there is no immediate suspension, the risk of delisting and related liquidity challenges could pressure VSTD's valuation during the 30–45 day window.

Vestand Receives Nasdaq Staff Determination Notification Regarding Late 10-Q and 10-K Filings and Continued Listing Requirements

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Legal

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