Press Release: Visionary Education Tech Receives Nasdaq Alert |

TORONTO, Canada, Nov. 09, 2022 (GLOBE NEWSWIRE) — Visionary Education Technology Holdings Group Inc. (the “Company”) (NASDAQ: VEDU), a privately held education provider based in Canada, with subsidiaries in Canada and market partners in Canada China today announced that on November 2, 2022, the Company received a written notice (the “Notification Letter”) from Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it will not meet the Reserve Bid Price Requirement set out in the Nasdaq Rules for continued listing on Nasdaq.

Nasdaq listing rule 5550(a)(2) requires listed securities to maintain a minimum bid price of $1.00 per share and listing rule 5810(c)(3)(A) provides that there is a default to meet the minimum bid price requirement if the defect persists for a period of 30 consecutive business days. Based on the closing price of the Company’s common stock for the 30 consecutive business days from September 21, 2022 to November 1,…