What are the rules to be listed on NASDAQ? To be listed on the NASDAQ exchange and reporting system, the following requirements:
- Shareholders Equity of at least $2,000,000
- At least 100,000 shares of public float
- A minimum of 300+ shareholders
- Total assets of $4,000,000
- At least two market makers
- $3 minimum bid price of the company stock
- Public float market value of $1,000,000
My guess is this. On the Novonix stock it was looking likely to drop below $3 for their Nasdaq listing but then was pumped. DYOR
Ann: Launch of American Depository Receipts, page-13
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