Earlyworks co., ltd. receives nasdaq notification regarding minimum bid price deficiency

Tokyo, japan, nov. 03, 2023 (globe newswire) -- earlyworks co., ltd. (nasdaq: elws) (the “company” or “earlyworks”), a japanese company operating its proprietary private blockchain technology, grid ledger system (“gls”), today announced that the company received a notification letter (the “notification letter”) from the listings qualifications department of the nasdaq stock market llc (“nasdaq”) on october 30, 2023, notifying the company that it is not in compliance with the minimum bid price requirement as set forth under nasdaq listing rule 5550(a)(2) for continued listing on nasdaq. this press release is issued pursuant to nasdaq listing rule 5810(b), which requires prompt disclosure upon the receipt of a deficiency notification.
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