BloomZ Secures Additional 180-Day Grace Period for NASDAQ Listing Compliance

BloomZ's NASDAQ Listing Update

CyberStep Inc. has announced a significant development regarding its wholly-owned subsidiary, BloomZ Inc., which is listed on the NASDAQ Capital Market. Effective June 5, 2025, BloomZ has been granted a 180-day grace period to comply with the minimum bid price requirement of $1.00 per share, as permitted under NASDAQ Rule 5810(c)(3)(A)(ii).

This additional grace period comes after BloomZ received a notification on December 2, 2024, stating that it did not meet the minimum bid price requirement under NASDAQ Rule 5550(a)(2). Initially, BloomZ was afforded a 180-day grace period until June 2, 2025, to rectify this situation. However, since the company failed to meet the required standards during that timeframe, NASDAQ assessed BloomZ’s position and determined that it qualified for another extension of 180 days.

Conditions for Additional Grace Period

To qualify for this extension, BloomZ must maintain its general stock market value and meet other initial listing requirements of the NASDAQ Capital Market (excluding the minimum bid price requirement). Additionally, the company has expressed its intention to perform a reverse stock split to meet the required standards and has notified NASDAQ in writing.

Under the terms of this new grace period, if BloomZ's common stock price closes at or above $1.00 per share for more than ten consecutive trading days before the grace period concludes on December 1, 2025, the company will have satisfied the minimum bid price criterion for continued listing. Conversely, if the stock does not meet this requirement by the deadline, BloomZ could face a delisting notification, although it will retain the right to appeal the decision to NASDAQ's hearing panel.

Future Outlook for BloomZ

In terms of potential impacts on CyberStep's consolidated financial results, the company currently anticipates only minor effects. However, it is prepared to promptly disclose any material developments as they arise.

BloomZ is committed to actively monitoring its stock price and exploring all options to ensure compliance with NASDAQ listing requirements. This proactive stance demonstrates the company's dedication to maintaining its status on a prominent exchange and providing value to its stakeholders.

Investors and market watchers will need to keep a close eye on BloomZ's stock performance in the coming months, as the company works diligently to meet the necessary requirements. The next few months will be crucial for painting a clearer picture of BloomZ's future on the NASDAQ.

In conclusion, BloomZ Inc.'s recent announcement reflects its continued efforts to align with NASDAQ's listing standards, showcasing a commitment to transparency and diligence that can reassure investors amid an increasingly competitive environment. As the deadline approaches, all eyes will be on BloomZ to see if it can turn this opportunity into a tangible success.