(Total Views: 585)
Posted On: 08/21/2022 1:47:59 PM
Post# of 6857
I believed all the Raetic before about Doc listing UNVC on the NASDAQ but not anymore unless I've missed something big time. This below is the lowest tier i found, I could totally be wrong but this is from Jan. 2022
He could get us up-listed higher in the OTC which i would be tickled pink if he done so, I'm not a flipper and i sure don't want to buy any more shares, I have a lot invested here 1) account in my name and 2) in family members names, I just feel he needs to start informing us of what is going on almost 5 years of connect the dots and promises that don't happen and no reason to why they don't just isn't correct at all. I want this to happen as bad as anyone here.
https://listingcenter.nasdaq.com/assets/initialguide.pdf
Nasdaq Capital Market: Financial and Liquidity Requirements
Companies (other than those listing in connection with a Direct Listing) must meet all of the criteria under at least one of the
three standards below.
Requirements Equity
Standard
Market Value of
ListedSecurities
Standard*
Net Income
Standard
Listing Rules 5505(a) and
5505(b)(1)
5505(a) and
5505(b)(2)
5505(a) and
5505(b)(3)
Stockholders’ Equity $5 million $4 million $4 million
Market Value of Unrestricted
Publicly Held Shares
$15 million $15 million $5 million
Operating History 2 years --- ---
Market Value of Listed Securities --- $50 million ---
Net Income from Continuing Operations
(in the latest fiscal year or in two of the
last threefiscal years)
--- --- $750,000
Unrestricted Publicly HeldShares 1 million 1 million 1 million
Unrestricted Round Lot Shareholders** 300 300 300
Market Makers 3 3 3
Bid Price
OR
Closing Price***
$4
$3
$4
$2
$4
$3
* Currently traded companies qualifying solely under the Market Value Standard must meet the $50 million market value of listedsecurities and the
applicable bid price requirement for 90 consecutive trading days before applying.
** Securities subject to resale restrictions for any reason are excluded from the calculation of publicly held shares, market value of publicly held shares and
round lot shareholders. In addition, except for SPACs listing under IM-5101-2, at least half of the minimum required number of round lot holders must each
hold unrestricted securities with a minimum value of $2,500.
*** To qualify under the closing price alternative, a company must have (i) average annual revenues of $6 million for three years, (ii)net tangible assets of
$5 million or (iii) net tangible assets of $2 million and a 3-year operating history, in addition to satisfying the otherfinancial and liquidity requirements listed
above.
In addition to the above requirements, if the security is trading in the U.S. over-the-counter market as of the date of application, the security must have a minimum
average daily trading volume of 2,000 shares (including trading volume of the underlying security on the primary market with respect to an ADR), over the 30
trading day period prior to listing, with trading occurring on more than half of those 30 days, unless such security is listed on the Exchange in connection with a
firm commitment underwritten public offering of at least $4 million.
A company that principally administers its business in a Restrictive Market, and is conducting an initial public offering, must offer a minimum amount of securities
in a firm commitment underwritten public offering in the U.S. to public holders that (i) will result in gross proceeds to the company of at least $25 million or (ii)
will represent at least 25% of the company’s post-offering Market Value of Listed Securities, whichever is lower. A company that is conducting a business
combination with an entity that principally administers its business in a Restrictive Market must have a minimum market value of unrestricted publicly held
shares following the business combination equal to the lesser of (i) $25 million or (ii) 25% of the post-business combination entity’s market value of listed
securities
He could get us up-listed higher in the OTC which i would be tickled pink if he done so, I'm not a flipper and i sure don't want to buy any more shares, I have a lot invested here 1) account in my name and 2) in family members names, I just feel he needs to start informing us of what is going on almost 5 years of connect the dots and promises that don't happen and no reason to why they don't just isn't correct at all. I want this to happen as bad as anyone here.
https://listingcenter.nasdaq.com/assets/initialguide.pdf
Nasdaq Capital Market: Financial and Liquidity Requirements
Companies (other than those listing in connection with a Direct Listing) must meet all of the criteria under at least one of the
three standards below.
Requirements Equity
Standard
Market Value of
ListedSecurities
Standard*
Net Income
Standard
Listing Rules 5505(a) and
5505(b)(1)
5505(a) and
5505(b)(2)
5505(a) and
5505(b)(3)
Stockholders’ Equity $5 million $4 million $4 million
Market Value of Unrestricted
Publicly Held Shares
$15 million $15 million $5 million
Operating History 2 years --- ---
Market Value of Listed Securities --- $50 million ---
Net Income from Continuing Operations
(in the latest fiscal year or in two of the
last threefiscal years)
--- --- $750,000
Unrestricted Publicly HeldShares 1 million 1 million 1 million
Unrestricted Round Lot Shareholders** 300 300 300
Market Makers 3 3 3
Bid Price
OR
Closing Price***
$4
$3
$4
$2
$4
$3
* Currently traded companies qualifying solely under the Market Value Standard must meet the $50 million market value of listedsecurities and the
applicable bid price requirement for 90 consecutive trading days before applying.
** Securities subject to resale restrictions for any reason are excluded from the calculation of publicly held shares, market value of publicly held shares and
round lot shareholders. In addition, except for SPACs listing under IM-5101-2, at least half of the minimum required number of round lot holders must each
hold unrestricted securities with a minimum value of $2,500.
*** To qualify under the closing price alternative, a company must have (i) average annual revenues of $6 million for three years, (ii)net tangible assets of
$5 million or (iii) net tangible assets of $2 million and a 3-year operating history, in addition to satisfying the otherfinancial and liquidity requirements listed
above.
In addition to the above requirements, if the security is trading in the U.S. over-the-counter market as of the date of application, the security must have a minimum
average daily trading volume of 2,000 shares (including trading volume of the underlying security on the primary market with respect to an ADR), over the 30
trading day period prior to listing, with trading occurring on more than half of those 30 days, unless such security is listed on the Exchange in connection with a
firm commitment underwritten public offering of at least $4 million.
A company that principally administers its business in a Restrictive Market, and is conducting an initial public offering, must offer a minimum amount of securities
in a firm commitment underwritten public offering in the U.S. to public holders that (i) will result in gross proceeds to the company of at least $25 million or (ii)
will represent at least 25% of the company’s post-offering Market Value of Listed Securities, whichever is lower. A company that is conducting a business
combination with an entity that principally administers its business in a Restrictive Market must have a minimum market value of unrestricted publicly held
shares following the business combination equal to the lesser of (i) $25 million or (ii) 25% of the post-business combination entity’s market value of listed
securities
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