BRN 0.00% 18.0¢ brainchip holdings ltd

I'd like to discuss the specifics of Brainchip listing on the...

  1. 1,917 Posts.
    lightbulb Created with Sketch. 1324
    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?
 
watchlist Created with Sketch. Add BRN (ASX) to my watchlist
(20min delay)
Last
18.0¢
Change
0.000(0.00%)
Mkt cap ! $357.5M
Open High Low Value Volume
18.5¢ 18.5¢ 18.0¢ $49.60K 274.1K

Buyers (Bids)

No. Vol. Price($)
35 715225 18.0¢
 

Sellers (Offers)

Price($) Vol. No.
18.5¢ 601917 29
View Market Depth
Last trade - 11.15am 20/08/2024 (20 minute delay) ?
BRN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.