BEIJING BILL
5 days ago
Visionary Obtains a Financing Consent Letter from a $1 Billion International Consortium and Goes All Out to Build an Industrial Ecosystem for New Energy VehiclesTORONTO, March 5, 2025 /PRNewswire/ -- Recently, Visionary announced externally that it has reached a financing consent letter worth $1 billion with the Alfardan Group of Qatar. This financing will be used for the product research and development and global market development of PEGASUS new energy vehicles under Visionary. Although due to confidentiality and the information disclosure requirements of NASDAQ-listed companies, some financing details have not been fully disclosed for the time being, this cooperation will inject strong impetus into the company's development, especially for the new energy vehicle project, and the injection of new funds is of great significance.
Since its establishment, Visionary has always been actively striving in the industry. With its accurate insight into market trends and the spirit of continuous innovation, it has gradually emerged in the industry. In the early days, the company focused on a specific segmented education field. By providing customers with high-quality and customized products and services, it has accumulated a good reputation and a stable customer base. As the business continues to be upgraded and expanded, Visionary meets market demands, continuously increases its R&D investment, and has successfully launched a series of new energy vehicle products at the leading level in the industry. These products have been recognized by the market and gradually grown into an important player in the new energy vehicle industry.
Regarding the financing obtained this time, Visionary will focus on the new energy vehicle project. As an important direction for the transformation and upgrading of the global automotive industry, new energy vehicles have developed rapidly in recent years. The new funds will be mainly used in several key aspects: On the one hand, increase R&D investment and form a top-notch R&D team, committed to solving core technical problems such as vehicle body structural strength, battery range, and intelligent driving. Currently, the three-electric system and the intelligent driving system are still important factors restricting the development of new energy vehicles. Visionary plans to invest a large amount of funds in the research and development of more advanced "three-electric" technologies, such as high-power motors, solid-state batteries, and more advanced BMS systems, etc., to improve the energy density, range, and safety performance of the batteries. At the same time, increase the R&D efforts in intelligent driving technology, including sensor technology, artificial intelligence algorithms, etc., to enhance the safety and reliability of intelligent driving and strive to create more competitive new energy vehicle products.
On the other hand, the funds will also be used to build an advanced production and manufacturing base, introduce intelligent production equipment, improve production efficiency and product quality, and lay a solid foundation for large-scale commercial production. With the continuous growth of the market demand for new energy vehicles, efficient production capacity and stable product quality are the keys for enterprises to win in the market competition. Visionary will draw on the advanced production and manufacturing experience at home and abroad, build intelligent and automated production workshops, achieve refined management and quality control of the production process, and ensure that the products meet international standards and meet market demands. In addition, Visionary also plans to use these funds to strengthen market promotion and brand building, expand sales channels, and enhance the popularity and influence of the PEGASUS brand in the new energy vehicle market.
In terms of future planning, Visionary not only hopes to gain a firm foothold in the European and American markets through the new energy vehicle project but also sets its sights on the international market and actively explores the path of globalization development. Visionary plans to cooperate with internationally renowned enterprises to jointly promote the progress of new energy vehicle technology and the development of the industry. At the same time, Visionary will increase its investment in talent cultivation and team building, attract top talents in the industry to join, and create a more professional and efficient team to provide a solid guarantee for the sustainable development of Visionary.
Visionary strictly complies with the information disclosure requirements of NASDAQ-listed companies in the United States to ensure the truthfulness, accuracy, and completeness of the information, while reasonably protecting business secrets. Visionary said that it will, under the premise of compliance, update the progress of this financing to investors and the market in a timely manner.
This financing is an important opportunity for Visionary to accelerate its development in the field of new energy vehicles. With the help of the new funds, Visionary is expected to achieve a leapfrog development in the new energy vehicle track, create substantial returns for shareholders, and also contribute to the development of the global new energy vehicle industry. All sectors of the market are full of expectations for its future performance. It is believed that Visionary will write a new glorious chapter in the industrial ecosystem of new energy vehicles.
Trooperstocks
9 months ago
$GV NEWS -GV Regains Compliance with Nasdaq Minimum Bid Price Requirement
PR Newswire
Thu, Jun 13, 2024, 8:30 AM EDT
In this article:
GV
+2.16%
TORONTO, June 13, 2024 /PRNewswire/ -- Visionary Holdings Inc. (the "Company") (NASDAQ: GV), a private education provider with technology of artificial intelligence and life science on the cutting edge, with subsidiaries in Canada and market partners in China, today announced the Company received a letter from the Listing Qualifications Staff (the "Staff') of the Nasdaq Stock Market LLC ("Nasdaq") on June 12, 2024, which stated that the Company has regained compliance with Listing Rule 5550(a)(2).
On June 14, 2023, Staff notified the Company that its common shares failed to maintain a minimum bid price of $1.00 over the previous 30 consecutive business days as required by the Listing Rules of The Nasdaq Stock Market.
On June 12, 2024, Nasdaq provided confirmation to the Company that for the last 10 consecutive business days from May 29, 2024 to June 11, 2024, the closing bid price of the Company's common shares has been at or above US$1.00. Accordingly, the Company has regained compliance with the minimum bid price requirement and this matter is now closed.
About Visionary Holdings Inc.
Visionary Holdings Inc. headquartered in Toronto, Canada, is a private education provider located in Canada, with subsidiaries in Canada and market partners in China, that offers high-quality education resources to students around the globe. The Company aims to provide access to secondary, college, undergraduate and graduate and vocational education to students in Canada through technological innovation so that more people can learn, grow and succeed to their full potential. As a fully integrated provider of educational programs and services in Canada, the Company has been serving and will continue to serve both Canadian and international students. For more information, visit the Company's website at https://ir.visiongroupca.com/.
Forward-Looking Statements
All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "believes," "expects," "anticipates," "estimates," "intends," "would," "continue," "should," "may," or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and in its other filings with the SEC.
For more information, please contact:
Visionary Holdings Inc.
Investor Relations Department
Email: ir@farvision.ca