What is NASDAQs compliance process for companies failing to meet the minimum market value of publicly held shares requirement?
NASDAQ companies listed on the Global and Global Select Markets must maintain either $5,000,000 or $15,000,000 market value of publicly held securities (MVPHS) depending on the listing standard they qualify under. Companies listed on the Capital Market must maintain $1,000,000 MVPHS. If a NASDAQ-listed company trades below the applicable MVPHS requirement for 30 consecutive business days, it will be notified of the deficiency and afforded a 90 calendar day compliance period to regain compliance with the applicable standard. In order to achieve compliance with the market value of publicly held shares requirement, a company must demonstrate compliance with the applicable standard for a minimum of 10 consecutive business days. Although an automated computer system tracks each company’s bid price and MVPHS on a daily basis, it is suggested that the company contact its Listing Qualifications analyst when it believes compliance has been achieved. NASDAQ will provide all compliance determinat
NASDAQ companies listed on the Global and Global Select Markets must maintain either $5,000,000 or $15,000,000 market value of publicly held securities (MVPHS) depending on the listing standard they qualify under. Companies listed on the Capital Market must maintain $1,000,000 MVPHS. If a NASDAQ-listed company trades below the applicable MVPHS requirement for 30 consecutive business days, it will be notified of the deficiency and afforded a 180 calendar day compliance period to regain compliance with the applicable standard. In order to achieve compliance with the market value of publicly held shares requirement, a company must demonstrate compliance with the applicable standard for a minimum of 10 consecutive business days. Although an automated computer system tracks each company’s bid price and MVPHS on a daily basis, it is suggested that the company contact its Listing Qualifications analyst when it believes compliance has been achieved. NASDAQ will provide all compliance determina
Related Questions
- 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?
- What is NASDAQs compliance process for companies failing to meet the minimum market value of publicly held shares requirement?
- What is NASDAQs compliance process for companies failing to meet the $1.00 minimum bid price requirement?
