HONG KONG, March 23, 2026 (GLOBE NEWSWIRE) — Backyard Stage Restricted. (NASDAQ: GSIW) (“Garden Stage” or the “Company”) at the moment introduced that it obtained a notification letter (the “Notice”) from the Itemizing {Qualifications} Division of The Nasdaq Inventory Market LLC (“Nasdaq”) on March 20, 2026 notifying the Firm that it has regained compliance with the Nasdaq Capital Market’s minimal bid worth requirement and that the matter is now closed.
On September 5, 2025, the Firm was first notified by Nasdaq of its failure to take care of a minimal closing bid worth of at the very least $1.00 per share for 30 consecutive buying and selling days underneath Nasdaq Itemizing Rule 5550(a)(2), and was given 180 calendar days, or till March 4, 2026, to regain compliance. On March 5 2026, the Firm obtained a further 180-day extension from Nasdaq, or till September 1, 2026, to regain compliance. On March 6, 2026, the Firm effected a share consolidation pursuant to which the authorised, issued and excellent Class A abnormal shares of the Firm had been consolidated at 200 for 1 ratio.
The Discover famous that as of March 20, 2026, the closing bid worth of Class A abnormal shares of the Firm had been at or larger than $1.00 per share from March 6, 2026 by way of March 19, 2026. Accordingly, the Firm has regained compliance with Nasdaq Itemizing Rule 5550(a)(2), and Nasdaq considers the matter closed.
About Backyard Stage Restricted
Backyard Stage Restricted is a holding firm integrated in Cayman Islands, and all of their operations are carried out by the 2 wholly-owned working subsidiaries in Hong Kong: a) I Win Securities Restricted, which is licensed to conduct Sort 1 (dealing in securities) regulated actions underneath the Securities and Futures Ordinance (the “SFO”) in Hong Kong; and b) I Win Asset Administration Restricted, which is licensed to conduct Sort 4 (advising on securities) and Sort 9 (asset administration) regulated actions underneath the SFO in Hong Kong. I Win Securities Restricted is the Inventory Change Participant of Inventory Change of Hong Kong Restricted (“Hong Kong Stock Exchange”) and holds Hong Kong Inventory Change Buying and selling Proper. I Win Securities Restricted can be the participant of the Hong Kong Securities Clearing Firm Restricted.
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Backyard Stage Restricted
Investor Relations Division
