Nasdaq is proposing accelerated compliance and delisting timelines for all companies that do not comply with its minimum bid price requirement
Additionally, under the proposed rule, if a company has implemented a reverse...more
If a company implements a reverse stock split to meet the $1.00 minimum price rule that results in failing to comply with another listing standard (e.g., minimum publicly held shares or minimum number of public stockholders),...more
Highlights -
- Under NASDAQ rules, shareholder approval is required for the issuance of shares in connection with certain transactions.
- NASDAQ announced that it is seeking public input on liberalizing the...more
The U.S. Securities and Exchange Commission (“SEC”) formally approved several new listing rules proposed by NASDAQ and the NYSE on January 11, 2013. The new listing rules are designed to bring the listing standards of each...more
The U.S. Securities and Exchange Commission (“SEC” or the “Commission”) has approved a NASDAQ proposed rule change that revises disclosure requirements following a listed issuer’s receipt of notification from NASDAQ that the...more