Hay Chilly Dog , is it your guess ADO does not meet any NASDAQ qualifications ? ADO has over 10 million shareholders now,over 2 billion shares and a $70 million market cap , I don't think now is the time but could be in the future if management think so with a few deals signed ?
What Listing Requirements Does Nasdaq Have?
Nasdaq has three different tiers of listings: Nasdaq Global Select Market, Nasdaq Global Market, and Nasdaq Capital Market. Each tier has its specific listing requirements. In the instance of an IPO, all companies must have 1.25 million shares outstanding and 2200 total shareholders (or 450 shareholders with 100 shares each). The market value of unrestricted publicly held shares (or publicly held shares and shareholder equity) must be at least $45 million.3 Companies must meet one of four possible financial standards, as well. These involve earnings, cash flow and capitalization, capitalization and revenue, or assets and equity.4
Nasdaq. "Initial Listing Guide January 2022."
A few km into the marathon., page-309
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