Second Grace Period Optional The Nasdaq may grant
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Posted On: 07/16/2017 6:10:23 PM
Second Grace Period Optional
The Nasdaq may grant a 180-day extension of the initial grace period. In such a case, the stock remains listed throughout the the extension. Not all companies qualify for this second grace period. The market value of publicly held shares of a company's stock must be at least $1 million. The market value is calculated by multiplying the publicly held shares -- the total number of shares outstanding minus any shares held by officers, directors, employee stock ownership plans or beneficial owners of 10 percent or more -- by the closing bid price. These companies must have maintained the other non-price listing requirements.
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now how do i find out "any shares held by officers, directors, employee stock ownership plans or beneficial owners of 10 percent or more -- by the closing bid price"
This seems very important
The Nasdaq may grant a 180-day extension of the initial grace period. In such a case, the stock remains listed throughout the the extension. Not all companies qualify for this second grace period. The market value of publicly held shares of a company's stock must be at least $1 million. The market value is calculated by multiplying the publicly held shares -- the total number of shares outstanding minus any shares held by officers, directors, employee stock ownership plans or beneficial owners of 10 percent or more -- by the closing bid price. These companies must have maintained the other non-price listing requirements.
..
now how do i find out "any shares held by officers, directors, employee stock ownership plans or beneficial owners of 10 percent or more -- by the closing bid price"
This seems very important
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