There are 3 Nasdaq markets and each has their own listing standards.
https://miranda-partners.com/nasdaqs-continued-listing-requirements-for-foreign-private-issuers/
For non-US companies, here are the listing requirements for the ‘market value’ listing method.
Market Value of listed securities Standard (must meet all the following requirements).
- Market value of listed securities of at least $35 million dollars.
n.b. For US-based companies (which I understand we are aiming to be), we would need a $50m market cap.
- At least 500,000 publicly held shares.
- Publicly held shares with a market value of at least $1 million dollars.
- At least two market makers.
- Minimum bid price of at least $1 dollar per share.
- At least 300 public holders.
https://listingcenter.nasdaq.com/assets/initialguide.pdf
Now, I have gleaned the above from 10 minutes research and I’m sure it is likely more complex, however, the $175m market cap requirement flaunted by our friend life free is blatantly incorrect. Make what you will for everything else they are saying…..agenda anyone?
We should be absolutely fine.
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Last
29.0¢ |
Change
-0.005(1.69%) |
Mkt cap ! $143.3M |
Open | High | Low | Value | Volume |
30.0¢ | 30.0¢ | 28.0¢ | $262.9K | 913.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
24 | 40553 | 28.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
29.0¢ | 82501 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 0.280 |
7 | 261463 | 0.275 |
1 | 13125 | 0.270 |
5 | 85909 | 0.265 |
3 | 83269 | 0.260 |
Price($) | Vol. | No. |
---|---|---|
0.290 | 82501 | 2 |
0.300 | 22500 | 1 |
0.305 | 52000 | 2 |
0.310 | 71200 | 5 |
0.315 | 69222 | 3 |
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