There have been posts here about how shorts hope t
Post# of 144725
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> https://listingcenter.nasdaq.com/assets/initialguide.pdf
NASDAQ says this:
"Currently traded companies qualifying solely under the Market Value Standard must meet the $50 million Market Value of Listed
Securities and the applicable bid price requirement for 90 consecutive trading days before applying."
AND:
"Currently traded companies qualifying solely under the Market Value Standard must meet the $75 million Market Value of Listed Securities and the $4 bid price requirement for 90 consecutive trading days before applying."
Not only that, but if you look at the requirements for Nasdaq Capital Market listing, it offers two minimums: the bid price or the Closing Price. The bid required is $4, the Closing Price $2.
To recap: 1) the bid price required is for the 90 days before application and 2) the closing price for the Capital Market listing is $2, not $3.
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