Visionary Holdings Inc. Faces Nasdaq Compliance Challenges Amid 20-F Filing Delay
On October 25, 2025, Visionary Holdings Inc. (Nasdaq: GV) announced that it has received a notification from Nasdaq's Listing Qualifications Department regarding a delay in filing its Annual Report on Form 20-F, pertaining to the fiscal year that ended on March 31, 2025. According to the letter from Nasdaq, the company is non-compliant with the Listing Rule 5250(c)(1), which mandates timely financial reporting.
The notification does not impact the current trading status of the company’s shares on the Nasdaq Capital Market. Following the receipt of the letter, Visionary was given a 60-day period to outline its plan for regaining compliance. The company submitted its compliance action plan on October 6, 2025, and is currently awaiting Nasdaq's response.
As a proactive measure, Visionary Holdings is cooperating closely with its independent auditor to expedite the audit process required for the completion of its Form 20-F filing. The organization is committed to meeting its reporting obligations and is focused on maintaining its position on Nasdaq.
Headquartered in Markham, Ontario, Canada, Visionary Holdings Inc. is recognized as a private education service provider that effectively integrates technology with educational offerings. The company operates not only in the local market but also supports international students through its subsidiaries in both private and public education sectors. By leveraging technology-driven platforms, Visionary plays a significant role in delivering educational programs aimed at enhancing academic success.
Despite the current challenge with the filing delay, Visionary Holdings remains optimistic and diligent in ensuring full compliance with the regulatory requirements. The company emphasizes its commitment to transparency and accountability in its business operations, which is crucial for maintaining investor confidence and trust.
Visionary's advancement plans include continuing efforts to innovate its education solutions and expand its market reach. The firm's leadership believes that overcoming this filing delay will help solidify its reputation as a reliable entity in the education technology marketplace.
Looking forward, Visionary Holdings intends to closely monitor developments regarding its compliance status and share timely updates with stakeholders. The firm recognizes the importance of adhering to SEC regulations and is taking all necessary steps to rectify the situation while focusing on its broader goals of growth and educational impact.
Investors and stakeholders can expect more detailed information as the company progresses with its compliance activities and moves toward its filing obligations. With a dedicated approach to fulfilling these requirements, Visionary Holdings aims to emerge stronger and more resilient in the competitive education technology landscape.
In summary, while facing obstacles such as this notification from Nasdaq concerning the delayed Form 20-F filing, Visionary Holdings Inc. remains steadfast in its commitment to compliance and excellence in the education sector, promising to bolster its operations with enhanced transparency and accountability moving forward.