Lead Real Estate Co., Ltd American Depositary Shares Transferred to Nasdaq Capital Market
Lead Real Estate (Nasdaq: LRE) has successfully transferred its American Depositary Shares (ADSs) from The Nasdaq Global Market to The Nasdaq Capital Market, effective March 27, 2025. The transfer follows the company's application submitted on March 17, 2025, which received approval from Nasdaq.
The Japanese luxury real estate developer's ADSs continue to trade under the symbol 'LRE' without any disruption to trading activities. Each ADS represents one ordinary share of the Company. The transfer is expected to render moot a previous Nasdaq hearing held on March 20, 2025.
Lead Real Estate (Nasdaq: LRE) ha trasferito con successo le sue American Depositary Shares (ADS) dal The Nasdaq Global Market al Nasdaq Capital Market, a partire dal 27 marzo 2025. Il trasferimento segue la domanda presentata dall'azienda il 17 marzo 2025, che ha ricevuto l'approvazione da Nasdaq.
Le ADS del prestigioso sviluppatore immobiliare giapponese continuano a essere scambiate con il simbolo 'LRE' senza alcuna interruzione delle attività di trading. Ogni ADS rappresenta un'azione ordinaria della Società. Si prevede che il trasferimento renda superflua un'udienza precedente di Nasdaq tenutasi il 20 marzo 2025.
Lead Real Estate (Nasdaq: LRE) ha transferido con éxito sus American Depositary Shares (ADS) del The Nasdaq Global Market al Nasdaq Capital Market, efectivo desde el 27 de marzo de 2025. La transferencia sigue a la solicitud de la compañía presentada el 17 de marzo de 2025, que recibió la aprobación de Nasdaq.
Las ADS del desarrollador inmobiliario de lujo japonés continúan negociándose bajo el símbolo 'LRE' sin ninguna interrupción en las actividades de negociación. Cada ADS representa una acción ordinaria de la Compañía. Se espera que la transferencia haga innecesaria una audiencia previa de Nasdaq celebrada el 20 de marzo de 2025.
리드 리얼 에스테이트 (Nasdaq: LRE)는 2025년 3월 27일부터 미국 예탁주식(ADS)을 나스닥 글로벌 마켓에서 나스닥 캐피탈 마켓으로 성공적으로 이전했습니다. 이 이전은 2025년 3월 17일에 제출된 회사의 신청에 따라 이루어졌으며, 나스닥의 승인을 받았습니다.
일본의 고급 부동산 개발업체의 ADS는 거래 활동에 아무런 중단 없이 'LRE' 기호로 계속 거래되고 있습니다. 각 ADS는 회사의 보통주 1주를 나타냅니다. 이번 이전은 2025년 3월 20일에 열린 이전 나스닥 청문회를 무의미하게 만들 것으로 예상됩니다.
Lead Real Estate (Nasdaq: LRE) a transféré avec succès ses American Depositary Shares (ADS) du The Nasdaq Global Market au Nasdaq Capital Market, à compter du 27 mars 2025. Ce transfert fait suite à la demande de l'entreprise soumise le 17 mars 2025, qui a reçu l'approbation de Nasdaq.
Les ADS du développeur immobilier de luxe japonais continuent d'être négociées sous le symbole 'LRE' sans aucune interruption des activités de trading. Chaque ADS représente une action ordinaire de la Société. Ce transfert devrait rendre caduque une audience précédente de Nasdaq tenue le 20 mars 2025.
Lead Real Estate (Nasdaq: LRE) hat erfolgreich seine American Depositary Shares (ADS) vom The Nasdaq Global Market zum Nasdaq Capital Market übertragen, wirksam ab dem 27. März 2025. Der Transfer folgt auf den Antrag des Unternehmens, der am 17. März 2025 eingereicht wurde und von Nasdaq genehmigt wurde.
Die ADS des japanischen Luxusimmobilienentwicklers werden weiterhin unter dem Symbol 'LRE' gehandelt, ohne dass es zu Unterbrechungen im Handel kommt. Jede ADS repräsentiert eine Stammaktie des Unternehmens. Es wird erwartet, dass der Transfer eine frühere Nasdaq-Anhörung vom 20. März 2025 überflüssig macht.
- Maintained Nasdaq listing through successful market transfer
- Trading continues uninterrupted under same symbol
- Transfer to Nasdaq Capital Market from Global Market typically indicates inability to meet more stringent listing requirements
- Pending Nasdaq hearing suggests previous compliance issues
TOKYO, March 31, 2025 (GLOBE NEWSWIRE) -- Lead Real Estate Co., Ltd (Nasdaq: LRE) (“LRE” or “the Company”), a Japanese real estate developer of luxury residential properties, including single-family homes and condominiums across Tokyo, Kanagawa prefecture and Sapporo, today announced that the Company’s application, submitted on March 17, 2025, to transfer its American Depositary Shares (ADSs), each representing one ordinary share of the Company, from The Nasdaq Global Market to The Nasdaq Capital Market, has been approved.
Effective at the opening of business on March 27, 2025, the Company’s ADSs were transferred to The Nasdaq Capital Market and continue to trade under the symbol “LRE”. Trading of the ADSs was unaffected by this change. The Company anticipates receiving confirmation from the Nasdaq Hearings Department that the hearing held on March 20, 2025 will likely be rendered moot as a result of the Nasdaq Capital Market transfer application being approved by the Nasdaq Listing Qualifications Department.
About Lead Real Estate Co., Ltd
Lead Real Estate Co., Ltd is a Japanese developer of luxury residential properties, including single-family homes and condominiums, across Tokyo, Kanagawa prefecture, and Sapporo. In addition, the Company operates hotels in Tokyo and leases apartment building units to individual customers in Japan and Dallas, Texas.
The Company’s mission is to serve its customers by offering stylish, safe, and luxurious living. The Company’s vision is to adopt the Kaizen (continuous improvement) approach to seek to improve its operations, and to leverage its nationally recognized, award-winning luxury homes and strong market position in the luxury residential property market in Tokyo, Kanagawa prefecture, and Sapporo to create a global transaction platform allowing access to prime Japanese condominiums as well as overseas condominiums, including in the U.S. and Hong Kong.
For more information, please visit the Company’s website at https://www.lead-real.co.jp/en/.
Forward-looking Statements
Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions and other factors that may affect its future results in the Company's registration statement and in its other filings with the U.S. Securities and Exchange Commission. Any forward-looking statements contained in this press release speak only as of the date hereof, and the Company specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.
Contact Information:
For Media and Investor Relations
Daisuke Takahashi
Chief Financial Officer
Lead Real Estate Co., Ltd
d-takahashi@lead-real.co.jp
+81 3-5784-5127
Skyline Corporate Communications Group, LLC
Scott Powell, President
1177 Avenue of the America’s, 5th Floor
New York, NY 10036
Office: (646) 893-5835
Email: info@skylineccg.com
