It is the company goal to get listed on the Nasdaq as such they would need to get the company in a position to meet the listing requirements.
What are the listing requirements for the Nasdaq?
By Investopedia Staff
A:
Major stock exchanges, like the Nasdaq, are exclusive clubs - their reputations rest on the companies they trade. As such, the Nasdaq won't allow just any company to be traded on its exchange. Only companies with a solid history and top-notch management behind them are considered.
The Nasdaq has three sets of listing requirements. Each company must meet at least one of the three requirement sets, as well as the main rules for all companies.
Listing Requirements for All Companies Each company must have a minimum of 1,250,000 publicly-traded shares upon listing, excluding those held by officers, directors or any beneficial owners of more then 10% of the company. In addition, the regular bid price at time of listing
must be $4 USD, and there
must be at least three market makers for the stock.
Read more: What are the listing requirements for the Nasdaq? | Investopedia
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