I went to the official Nasdaq website and looked a
Post# of 36566
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Posted On: 06/15/2019 10:38:54 AM
I went to the official Nasdaq website and looked at the listing requirements as of Jan 2019. It looks like we quality under the Nasdaq Capital Market Tier, under option 2: Market Value of LIsted Securites Standard.
Requirements:
Stock holder's equity: $4 million
market value of publicly traded shares: $15 million
market value of listed securities: $50 million
publicly held shares: 1 millio
shareholders: 300
market makers: 3
BId price: either $4 or $2
** To qualify under the closing price alternative, a company must have: (i) average annual revenues of $6 million for three
years, or (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 other financial and liquidity requirements listed above.
It also says the average uplisting time is 4-6 weeks, but if all ducks are lined up, it can be substantially shorter
Requirements:
Stock holder's equity: $4 million
market value of publicly traded shares: $15 million
market value of listed securities: $50 million
publicly held shares: 1 millio
shareholders: 300
market makers: 3
BId price: either $4 or $2
** To qualify under the closing price alternative, a company must have: (i) average annual revenues of $6 million for three
years, or (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 other financial and liquidity requirements listed above.
It also says the average uplisting time is 4-6 weeks, but if all ducks are lined up, it can be substantially shorter
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