Maybe this will help in your thinking...
(note: it might take a year or so to meet the US $3.00 requirement)NASDAQ Listing Requirements
The NASDAQ is the second-largest stock exchange by market cap in the world. As an American exchange, it has listed over 3,100 companies with average daily share trading volume at over two billion. NASDAQ has handled more IPOs than any other exchange. Since 2000, NASDAQ boasts over 1,000 Initial Public Offerings. What follows is a brief description of what NASDAQ is and what it takes to be listed on that exchange.
What is the NASDAQ acronym?
It’s an acronym for National Association of Securities Dealers Automated Quotations.
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
Ann: Chair Appointment, page-42
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Last
16.0¢ |
Change
0.005(3.23%) |
Mkt cap ! $313.9M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.5¢ | 15.8¢ | $374.8K | 2.342M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 114498 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 1334406 | 26 |
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| BRN (ASX) Chart |