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Frequently Asked Questions
  What continued listing criteria must a company meet if it listed on the Nasdaq Capital Market under the alternative listing requirements for securities with a bid price below $4?
Identification Number 1022
A Company that listed under the alternative price listing requirement must meet the same continued listing criteria as any other company including, but not limited to, Listing Rule 5550.
While not a continued listing requirement, if such a company fails to satisfy at least one of the alternatives set forth in SEC Rule 3a51-1 under the Act, the company's security may be considered a Penny Stock and Nasdaq will include the company on a list of such securities available here. The alternatives contained in SEC Rule 3a51-1 include having net tangible assets in excess of $2,000,000, if the company has been in continuous operation for at least three years, or $5,000,000, if the company has been in continuous operation for less than three years; average revenue of at least $6,000,000 for the last three years; or a price of at least $5.
Publication Date*: 7/31/2012 Mailto Link Identification Number: 1022
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