Tokyo Lifestyle Regains Nasdaq Bid Price Compliance

TL;DR

Tokyo Lifestyle (formerly Yoshitsu) got the green light from Nasdaq on bid price, staying listed!

AI Summary

On December 2, 2024, Tokyo Lifestyle Co., Ltd. (formerly Yoshitsu Co., Ltd.) received a notification letter from Nasdaq. The letter informed the company that it had regained compliance with the minimum bid price requirement for continued listing on the Nasdaq Capital Market.

Why It Matters

Regaining compliance with Nasdaq's minimum bid price requirement is crucial for Tokyo Lifestyle Co., Ltd. to maintain its listing on the Nasdaq Capital Market, avoiding potential delisting and ensuring continued investor access.

Risk Assessment

Risk Level: low — The filing indicates the company has met a specific listing requirement, reducing immediate delisting risk.

Key Players & Entities

• Tokyo Lifestyle Co., Ltd. (company) — Filer and subject of the notification
• Yoshitsu Co., Ltd (company) — Former name of the company
• Nasdaq (company) — Stock exchange that issued the notification
• December 2, 2024 (date) — Date the notification letter was received

FAQ

Key Financial Figures

• $1.00 — American depositary shares had been at $1.00 or greater and that, accordingly, the m

Filing Documents

• ea0223475-6k_tokyo.htm (6-K) — 9KB
• 0001213900-24-105330.txt ( ) — 11KB

From the Filing

OF FOREIGN PRIVATE ISSUER UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of December 2024 Commission File Number: 001-41181 Tokyo Lifestyle Co., Ltd. Harumi Building, 2-5-9 Kotobashi Sumida-ku, Tokyo, 130-0022 Japan (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F Form 40-F On December 2, 2024, Tokyo Lifestyle Co., Ltd., formerly known as Yoshitsu Co., Ltd (the “Company”), received a letter (the “Notification Letter”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) informing the Company that it had regained compliance with the minimum closing bid price required for continued listing on The Nasdaq Capital Market set forth in Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”). The Notification Letter confirmed that, for 10 consecutive business days starting from November 15, 2024, the closing bid price of the Company’s American depositary shares had been at $1.00 or greater and that, accordingly, the matter concerning the Company’s failure to comply with the Minimum Bid Price Requirement was closed. 1 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: December 4, 2024 Tokyo Lifestyle Co., Ltd. By: /s/ Mei Kanayama Name: Mei Kanayama Title: Representative Director and Director (Principal Executive Officer) 2

View Full Filing

View this 6-K filing on SEC EDGAR