Bullish indicating open at $55-$60, IPO prices at $37
TOKYO - BloomZ Inc. (NASDAQ:BLMZ), a Japanese company specializing in audio production and VTuber management, has been granted an additional 180 days to meet Nasdaq’s minimum bid price requirement. The company’s stock, currently trading at $0.16, has experienced significant volatility according to InvestingPro data, with a 52-week range of $0.06 to $4.30. The extension, which lasts until December 1, 2025, offers the company a second chance to comply with the $1.00 per share minimum bid price rule for continued listing on the Nasdaq Capital Market.
The initial notification of non-compliance was issued on December 2, 2024, after which BloomZ was given until June 2, 2025, to rectify the situation. Despite efforts, BloomZ was unable to meet the requirement within the initial period. InvestingPro analysis shows the company maintains a healthy current ratio of 2.81, with liquid assets exceeding short-term obligations. The Nasdaq Listing Qualification Staff has now determined that BloomZ is eligible for a second 180-day compliance period.
To regain compliance, BloomZ’s common stock must maintain a closing bid price of at least $1.00 for ten consecutive business days before December 1, 2025. The challenge is significant, as the stock has declined nearly 70% year-to-date, with a current market capitalization of just $2.41 million. Failure to achieve this will result in a notice of delisting, although the company will then have the right to appeal the decision to a Nasdaq Hearings Panel.
BloomZ, headquartered in the Cayman Islands, operates BloomZ Japan, which is involved in sound production for anime and games, as well as managing and promoting voice actors and VTubers. The company has also been expanding into next-generation entertainment businesses. For deeper insights into BloomZ’s financial health and growth prospects, including 8 additional exclusive ProTips, visit InvestingPro.
This news comes with a cautionary note on forward-looking statements, which involve risks and uncertainties that could cause actual results to differ materially from those projected. The company does not take on the obligation to update any forward-looking statements, except as required by law.
The information in this article is based on a press release statement from BloomZ Inc.
In other recent news, BloomZ Inc. has been granted a second 180-day extension by the Nasdaq Listing Qualifications Staff to comply with the minimum $1.00 per share bid price requirement. This extension allows the company until December 1, 2025, to meet the necessary criteria for continued listing on the Nasdaq Capital Market. Initially notified in December 2024 about falling below the required bid price, BloomZ was unable to meet the compliance deadline of June 2025. The Nasdaq staff has allowed an additional compliance period, with BloomZ considering a reverse stock split to regain compliance if necessary. In another development, BloomZ Inc. has appointed Ryoshin Nakade as the new co-Chief Executive Officer and co-Chairman of the Board. Nakade will work alongside the current co-CEO, Kazusa Aranami, to drive the company’s next growth phase. This leadership change is aimed at overcoming resource constraints and enhancing executive experience to facilitate scalable growth. Nakade brings a diverse background in technology, law, and finance, which is expected to contribute to BloomZ’s expansion strategies.
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