BRN 6.00% 26.5¢ brainchip holdings ltd

NASDAQ listing

  1. 1,917 Posts.
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    I'd like to discuss the specifics of Brainchip listing on the NASDAQ as their primary exchange.

    A quick Google search reveals the following:

    https://hotcopper.com.au/data/attachments/3831/3831021-235f073e6aacafada93d99d1462b8a3a.jpg
    So lets break this down a little further:

    - Shareholders Equity of at least $2,000,000 = Check
    - 100,000 shares of public float = Check
    - A minimum of 300+ shareholders = Check
    - Total assets of $4,000,000 - Assuming this included non-tangible assets = Check
    - At least two market makers - Anyone know what this means? I assume it means two institutional holders?
    - $3 minimum bid price of the company stock. Public float = Does this mean SP or a bid of $3? If its the SP then achievable with consolidation
    - market value of $1,000,000 = Check

    So what else am I missing here?
    What are the potential drawbacks of a NAQDAQ listing?
    Can anyone give examples of other companies who have migrated from the ASX to the NAQDAQ? Was it successful or unsuccessful for these companies?
 
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