Global Interactive Technology Inc. (HRYU)
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Hanryu Holdings, Inc. Announces Receipt of a Delinquency Compliance Alert Notice from Nasdaq
SEOUL, KOREA / ACCESSWIRE / August 23, 2024 / Seoul, Republic of South Korea, August 23, 2024 -- Hanryu Holdings, Inc. (NASDAQ:HRYU) (" Hanryu " or the " Company "), a media-tech company and creator of FANTOO, an all-in-one social media experience connecting k-culture fans globally, today announced that on August 20, 2024, it received a delinquency compliance alert notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC (" Nasdaq ") advising the Company that due to the Company's failure to timely file its Quarterly Report on Form 10-Q for the period ended June 30, 2024 (the " Q2 2024 10-Q ") with the Securities and Exchange Commission (the " SEC "), the Company is not in compliance with Nasdaq's continued listing requirements under Nasdaq Listing Rule 5250(c)(1) (the " Rule "), which requires the timely filing of all required periodic reports with the SEC. As previously reported, on April 18, 2024, Nasdaq notified the Company that it no longer complied with the Rule as it had not yet filed its Annual Report on Form 10-K (" Form 10-K ") for the period ended December 31, 2023 (" Initial Delinquent Filing ").
Hanryu Holdings, Inc. Announces Receipt of a Delinquency Compliance Alert Notice from Nasdaq
Seoul, Republic of South Korea, May 24, 2024 (GLOBE NEWSWIRE) -- Hanryu Holdings, Inc. (NASDAQ: HRYU) (“Hanryu” or the “Company”), a media-tech company and creator of FANTOO, an all-in-one social media experience connecting k-culture fans globally, today announced that on May 21, 2024, it received a delinquency compliance alert notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) advising the Company that due to the Company's failure to timely file its Quarterly Report on Form 10-Q for the period ended March 31, 2024 and because the Company remains delinquent in filing its Form 10-K for the year ended December 31, 2023 with the Securities and Exchange Commission (the “ SEC ”), the Company is not in compliance with Nasdaq's continued listing requirements under Nasdaq Listing Rule 5250(c)(1), which requires the timely filing of all required periodic reports with the SEC.
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Global Interactive Technology Inc. Profile
| Internet Content & Information Industry | Communication Services Sector | Mr. Taehoon Kim CEO | NASDAQ (CM) Exchange | 411292105 Cusip |
| KR Country | 52 Employees | - Last Dividend | - Last Split | 1 Aug 2023 IPO Date |
Overview
Hanryu Holdings, Inc. is a company that pioneers in creating a digital space for individuals around the globe with shared interests, particularly in entertainment and culture. Launched in 2018 and headquartered in Seoul, South Korea, its main platform, FANTOO, serves as a vibrant online social media community. This platform caters to users eager to connect over common hobbies, share their passions, and explore a world of fandoms. By fostering a rich, interactive environment, Hanryu Holdings taps into the global market of cultural exchange and entertainment appreciation, offering unique opportunities for content creation, social interaction, and commercial engagement.
Products and Services
FANTOO, the flagship service offered by Hanryu Holdings, Inc., provides a multifaceted online platform with several key features aimed at enhancing the user experience:
- Social Interaction: The platform is designed to facilitate connections among users who have similar interests. This feature allows for the sharing of ideas, discussions about common passions, and the formation of a tight-knit community centered around various forms of entertainment and cultural phenomena.
- Content Creation and Monetization: FANTOO encourages users to not only consume content but also to create their own. Users have the ability to generate their own content—ranging from videos to blog posts—and monetize it, potentially turning their hobbies into a source of income.
- Content Consumption: With a vast array of user-generated content available, users can enjoy exploring new entertainment forms and cultural content. This variety ensures that there is always something new and exciting to discover, from the latest trends in music and film to niche hobbies and interests.
- Commerce: The platform provides opportunities for users to engage in commerce. Whether it's the sale of fan merchandise, unique creations, or even limited-edition collectibles, FANTOO offers a marketplace for users to buy and sell goods directly related to their shared interests.
- Fandom Community Experience: By focusing on fandoms, Hanryu Holdings has carved out a special niche for FANTOO. Users can deeply engage with the fan communities of their favorite shows, bands, or celebrities, participating in events, discussions, and other activities that deepen their fan experience and create a sense of belonging.
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