Posted On: 08/27/2019 8:49:46 AM Posted By: hy
Post# of 36537
(Total Views: 357)
Posted On: 08/28/2019 6:32:32 PM
Posted On: 08/27/2019 8:49:46 AM
Posted By: hylander
Re: hoops #5636
This is from the NASDAQ information. It looks like the 2.00 closing price just has to be met for 5 consecutive days.
a) Initial Listing Requirements for Primary Equity Securities:
(1) (A) Minimum bid price of $4 per share; or
( Minimum closing price of $3 per share, if the Company meets the requirements of the Equity or Net Income Standards under Rules 5505(b)(1) or (b)(3), or of $2 per share, if the Company meets the requirements of the Market Value of Listed Securities Standard under Rule 5505(b)(2), provided that in either case the Company must also demonstrate that it has net tangible assets (i.e., total assets less intangible assets and liabilities) in excess of $2 million, if the issuer has been in continuous operation for at least three years; or net tangible assets in excess of $5 million, if the issuer has been in continuous operation for less than three years; or average revenue of at least $6 million for the last three years.
A security must meet the applicable closing price requirement for at least five consecutive business days prior to approval.
Read More: https://investorshangout.com/post/view?id=552...z5xwCtKX41
Posted By: hylander
Re: hoops #5636
This is from the NASDAQ information. It looks like the 2.00 closing price just has to be met for 5 consecutive days.
a) Initial Listing Requirements for Primary Equity Securities:
(1) (A) Minimum bid price of $4 per share; or
( Minimum closing price of $3 per share, if the Company meets the requirements of the Equity or Net Income Standards under Rules 5505(b)(1) or (b)(3), or of $2 per share, if the Company meets the requirements of the Market Value of Listed Securities Standard under Rule 5505(b)(2), provided that in either case the Company must also demonstrate that it has net tangible assets (i.e., total assets less intangible assets and liabilities) in excess of $2 million, if the issuer has been in continuous operation for at least three years; or net tangible assets in excess of $5 million, if the issuer has been in continuous operation for less than three years; or average revenue of at least $6 million for the last three years.
A security must meet the applicable closing price requirement for at least five consecutive business days prior to approval.
Read More: https://investorshangout.com/post/view?id=552...z5xwCtKX41
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