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Frequently Asked Questions
  If a company is a Smaller Reporting Company (SRC) but does not apply the scaled disclosure requirements available to SRCs, is it still considered an SRC under Nasdaq's Board Diversity Rule?
Identification Number 1773

Yes, a company that is considered a SRC under Rule 12b-2 under the Exchange Act is treated as a SRC under Nasdaq’s Board Diversity Rule, whether or not it applies the scaled disclosure requirements available to SRCs.

Under 12b-2 of the Exchange Act, a company may qualify as a SRC if it has: (1) public float of less than $250 million; or (2) annual revenues of less than $100 million and either: (i) no public float; or (ii) public float of less than $700 million.
Publication Date*: 8/6/2021 Mailto Link Identification Number: 1773
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