Business Context and Reporting Period
This Form 6-K filing by Earlyworks Co., Ltd. (referred to in metadata as Perpetuals.Com Ltd) covers the month of November 2025, with the report dated November 12, 2025. The filing addresses the Company's regulatory status regarding its listing on The Nasdaq Capital Market.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The only financial metric referenced is the stockholders' equity threshold required for listing compliance, which is at least $2.5 million.
Material Changes
On November 11, 2025, the Company received notification from Nasdaq that it has regained compliance with Listing Rule 5550(b)(1) regarding the minimum stockholders' equity requirement. Consequently, the Company is now in full compliance with all applicable criteria for continued listing.
Outlook, Risks, and Contingencies
- Mandatory Monitoring: Pursuant to Nasdaq Listing Rule 5815(d)(4)(B), the Company is subject to a Mandatory Panel Monitor until November 11, 2026.
- Delisting Risk: If the Company falls out of compliance with the Equity Requirement during this one-year monitoring period, it will not be permitted to submit a compliance plan or receive additional cure periods. Instead, Nasdaq staff would issue a Delist Determination Letter, allowing the Company only the opportunity to request a hearing with the Nasdaq Hearings Panel.
Investor Verification Checklist
- Verify the Company's current stockholders' equity balance to ensure it remains above the $2.5 million threshold.
- Confirm the Company's ongoing compliance with all other Nasdaq listing criteria beyond the equity requirement.
- Monitor future filings for any indications of financial distress that could trigger the mandatory delisting process during the monitoring period.