As we previously blogged, on April 16, 2020, The Nasdaq Stock Market (“Nasdaq”) announced temporary relief from the bid price and market value of publicly-held shares listing requirements in response to the COVID-19 pandemic. In addition, on May 1, 2020, Nasdaq adopted Nasdaq Rule 5636T, which provided an exception from certain shareholder approval rules for companies impacted by the COVID-19 pandemic. Nasdaq recently confirmed that the temporary relief and the exceptions provided by Rule 5636T expired on June 30, 2020.

Here is a link to Nasdaq’s confirmation.

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