My company is in the Hearings process for failure to meet the minimum $1.00 bid price requirement. Can we still submit a transfer application?
Yes. However, a company that is in the Hearings process for the minimum $1.00 bid price requirement can submit a transfer application ONLY if it meets all initial listing criteria (except initial bid price) for the Capital Market. If the application is approved, the company’s securities will be transferred to the Capital Market. The company will be granted a second 180-day compliance period to resolve its $1.00 bid price deficiency.
