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Frequently Asked Questions
  How does Nasdaq determine closing price for purposes of Listing Rule 5505(a)(1)(B)?
Identification Number 1021
For a company that qualifies to list with a price of $2 or $3 under Listing Rule 5505(a)(1)(B), the closing price is the Nasdaq Official Closing Price, if there is one, or the consolidated closing price distributed under the applicable National Market System Plan if there is no Nasdaq Official Closing Price. The security must maintain the necessary closing price for five consecutive business days, but Nasdaq may extend this five day period, based on any fact or circumstance, including the margin of compliance, the trading volume, the Market Maker montage, the trend of the security's price, or information or concerns raised by other regulators concerning the trading of the security.
Publication Date*: 7/31/2012 Mailto Link Identification Number: 1021
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