What Are the Listing Requirements for the NASDAQ?
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Posted On: 08/30/2020 10:49:29 PM
What Are the Listing Requirements for the NASDAQ?
By MARY HALL
Updated Aug 5, 2019
https://www.investopedia.com/ask/answers/nasd...uirements/
Maybe there are rules and exceptions that are not easy to find? This author says min closing price in some circumstances is $2 or $3.
IMO, the simple news of uplist will bring us well above whatever the required bid is. In one scenario, lets say the stock opens pre or post-market on NASDAQ and is bid up above $4. That is activity that technically happened before Univec opened in the regular NASDAQ market. So the first time the market opens on us, min bid will have already been met.
Another possibility....Doc releases all the filings, company roll-ups, financials, uplist news, etc while on OTC. The bid will instantly be above whatever minimum is required for uplist. Next we halt and uplist with the required min bid.
There are so many ways this uplist can play out, and I don't claim to know what the process will be. But I know it's in process, and whatever Doc has in motion is well planned and coordinated with all the involved parties. I don't need to hash out whether or not we meet requirements, because I know that Doc has it all covered.
"Univec Conglomerate Inc", isn't a typo on some websites. We've got some major developments happening as we speak.
By MARY HALL
Updated Aug 5, 2019
https://www.investopedia.com/ask/answers/nasd...uirements/
Quote:
Major stock exchanges, like the Nasdaq, are exclusive clubs—their reputations rest on the companies they trade. As such, the Nasdaq won't allow just any company to be traded on its exchange. Only companies with a solid history and top-notch management behind them are considered.
The Nasdaq has four sets of listing requirements. Each company must meet at least one of the four requirement sets, as well as the main rules for all companies.
Listing Requirements for All Companies
Each company must have a minimum of 1,250,000 publicly traded shares upon listing, excluding those held by officers, directors or any beneficial owners of more than 10% of the company.
Also, the regular bid price at the time of listing must be $4.00, and there must be at least three market makers for the stock.
However, a company may qualify under a closing price alternative of $3.00 or $2.00 if the company meets varying requirements.
Each listing firm is also required to follow NASDAQ corporate governance rules 4350, 4351 and 4360.
Companies must also have at least 450 round lot (100 shares) shareholders, 2,200 total shareholders, or 550 total shareholders with 1.1 million average trading volume over the past 12 months.
Maybe there are rules and exceptions that are not easy to find? This author says min closing price in some circumstances is $2 or $3.
IMO, the simple news of uplist will bring us well above whatever the required bid is. In one scenario, lets say the stock opens pre or post-market on NASDAQ and is bid up above $4. That is activity that technically happened before Univec opened in the regular NASDAQ market. So the first time the market opens on us, min bid will have already been met.
Another possibility....Doc releases all the filings, company roll-ups, financials, uplist news, etc while on OTC. The bid will instantly be above whatever minimum is required for uplist. Next we halt and uplist with the required min bid.
There are so many ways this uplist can play out, and I don't claim to know what the process will be. But I know it's in process, and whatever Doc has in motion is well planned and coordinated with all the involved parties. I don't need to hash out whether or not we meet requirements, because I know that Doc has it all covered.
"Univec Conglomerate Inc", isn't a typo on some websites. We've got some major developments happening as we speak.
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