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For reference the site listed below details the process, procedures and qualifications need.
https://listingcenter.nasdaqomx.com/assets/initialguide.pdf
https://listingcenter.nasdaqomx.com/assets/initialguide.pdf
There are 4 distinctive categorized markets of which a company can apply and seek acceptance under their respective requirements and criteria. They are NASDAQ GLOBAL SELECT MARKET (financial), NASDAQ GLOBAL SELECT MARKET (liquidity), NASDAQ GLOBAL SELECT (financial and liquidity) and last but not the least NASDAQ CAPITAL MARKERT (financial and liquidity). The latter seem to be the most obtainable.
Let us explore the requirements and criteria there;
There are 3 categories of choice for which to seek acceptance and 9 define criteria assigned to each while a company must meet all requirements and criteria’s in at least 1 of 3 choices of categories.
https://listingcenter.nasdaqomx.com/assets/initialguide.pdf
You have the EQUITY STANDING , MARKET VALUE LISTED SECURITIES AND NET INCOME as your 3 categories for which to seek qualification. If you look at the site above you can see the outlined criteria for each and then began to disseminate to see if the 2 company's has an even chance of acceptance.
In my opinion, the EQUITY STANDING categories allows for the best chance of the 2 companies getting accepted although there are unknowns that neither I nor any other on this board can clarify with any certainty. But, let us take a look at just that category by itself.
EQUITY STANDING CRITERIA :
1) Equity standing of $5m-----------Unknown ------We cannot say with any certainty that combined if the 2 company;s has or does not have this minimum amount of cash to qualify. We can only assume that they do as possible investors may be on board and backing the move, and or a number of companies held shares could have been sold to obtain the necessary money’s needed to meet this qualification.
2) Market value of public held shares------15m -----As of closing Friday market cap value as listed, meet this requirement for acceptance.
3) Operating History----------------2 years -------There is no doubt about the amount of years they have been a business under this ticket and there for meet this requirement for acceptance.
4) Market Value of Listed Shares--------------------No Standard Qualifier Needed.
5) Net Income from Continued Operations (In latest fiscal year or 2 of the last 3 years) ------------[b ]No Standard Qualifier Needed.
6) Publicly Held Shares--------------1m----Unknown , however the assumption here is a moot point, of course they hold 1 million public shares and meet this requirement for acceptance.
7) Share Holders--------------------300-------Well this should not be a part of any debate, of course there are at the least 300 shareholders and they would meet this requirement for acceptance.
8) Market Maker------------------------3-------They are currently making a market for stock now, there is no reason to believe that this would and should not continue and there for meet this requirement for acceptance.
9) Bid Price or Closing Price respectfully----------$4, $3 dollars ---------This is probably the most sticking point of the entire qualification criteria for the merging company's and the most debatable as to how they could achieve either of these qualifiers…….but at present do not meet the requirement for acceptance . (However they could through a split when share price raised high enough to justify such for the $4 dollar bid price qualification).
But, To qualify under the $3 dollar closing price alternative, a company most have average annual revenue of 6 million for 3 years or net tangible assets of 5 million or net tangible assets of 2 million and a 3 year operating history in addition to satisfying the financial and liquidity qualifications listed above.
All of these fall under listing rules 5505(a) and 5505(b).
In conclusion this surely shows that the combined two company's does meet a great number of the criteria now and quiet possible all of the criteria listed, if we considering what little we know about the nature of the unknowns and the company’s current financial situation.
"peace"
https://listingcenter.nasdaqomx.com/assets/initialguide.pdf
https://listingcenter.nasdaqomx.com/assets/initialguide.pdf
There are 4 distinctive categorized markets of which a company can apply and seek acceptance under their respective requirements and criteria. They are NASDAQ GLOBAL SELECT MARKET (financial), NASDAQ GLOBAL SELECT MARKET (liquidity), NASDAQ GLOBAL SELECT (financial and liquidity) and last but not the least NASDAQ CAPITAL MARKERT (financial and liquidity). The latter seem to be the most obtainable.
Let us explore the requirements and criteria there;
There are 3 categories of choice for which to seek acceptance and 9 define criteria assigned to each while a company must meet all requirements and criteria’s in at least 1 of 3 choices of categories.
https://listingcenter.nasdaqomx.com/assets/initialguide.pdf
You have the EQUITY STANDING , MARKET VALUE LISTED SECURITIES AND NET INCOME as your 3 categories for which to seek qualification. If you look at the site above you can see the outlined criteria for each and then began to disseminate to see if the 2 company's has an even chance of acceptance.
In my opinion, the EQUITY STANDING categories allows for the best chance of the 2 companies getting accepted although there are unknowns that neither I nor any other on this board can clarify with any certainty. But, let us take a look at just that category by itself.
EQUITY STANDING CRITERIA :
1) Equity standing of $5m-----------Unknown ------We cannot say with any certainty that combined if the 2 company;s has or does not have this minimum amount of cash to qualify. We can only assume that they do as possible investors may be on board and backing the move, and or a number of companies held shares could have been sold to obtain the necessary money’s needed to meet this qualification.
2) Market value of public held shares------15m -----As of closing Friday market cap value as listed, meet this requirement for acceptance.
3) Operating History----------------2 years -------There is no doubt about the amount of years they have been a business under this ticket and there for meet this requirement for acceptance.
4) Market Value of Listed Shares--------------------No Standard Qualifier Needed.
5) Net Income from Continued Operations (In latest fiscal year or 2 of the last 3 years) ------------[b ]No Standard Qualifier Needed.
6) Publicly Held Shares--------------1m----Unknown , however the assumption here is a moot point, of course they hold 1 million public shares and meet this requirement for acceptance.
7) Share Holders--------------------300-------Well this should not be a part of any debate, of course there are at the least 300 shareholders and they would meet this requirement for acceptance.
8) Market Maker------------------------3-------They are currently making a market for stock now, there is no reason to believe that this would and should not continue and there for meet this requirement for acceptance.
9) Bid Price or Closing Price respectfully----------$4, $3 dollars ---------This is probably the most sticking point of the entire qualification criteria for the merging company's and the most debatable as to how they could achieve either of these qualifiers…….but at present do not meet the requirement for acceptance . (However they could through a split when share price raised high enough to justify such for the $4 dollar bid price qualification).
But, To qualify under the $3 dollar closing price alternative, a company most have average annual revenue of 6 million for 3 years or net tangible assets of 5 million or net tangible assets of 2 million and a 3 year operating history in addition to satisfying the financial and liquidity qualifications listed above.
All of these fall under listing rules 5505(a) and 5505(b).
In conclusion this surely shows that the combined two company's does meet a great number of the criteria now and quiet possible all of the criteria listed, if we considering what little we know about the nature of the unknowns and the company’s current financial situation.
"peace"
