Is there a fee associated with the notification of a “Substitution Listing Event”?
Yes. NASDAQ assesses a $7,500 fee for each notification of a “Substitution Listing Event”. The company should follow the instructions on the Payment Form: Substitution Listing Event when submitting the Notification and the fee payment. Wiring instructions for the fee payment are as follows: By Federal Reserve Wire The NASDAQ Stock Market LLC Bank Name:Wachovia Bank, N.A. Bank Address:New York, NY SWIFT Number:PNBPUS3NNYC ABA Number:031201467 Beneficiary:NASDAQ Account Number:2000031405177 Reference:GL2000911, company name, symbol, and note that the fee is for a Substitution Listing Event. By American Clearing House The NASDAQ Stock Market LLC Bank Name:Wachovia Bank Bank Address:New York, NY SWIFT Number:PNBPUS3NNYC ABA Number:026012881 Beneficiary:NASDAQ Account Number:2000031405177 Reference:GL2000911, company name, symbol, and note that the fee is for a Substitution Listing Event. The company may also submit its fee by check.
