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Frequently Asked Questions
  If a company is listed on Nasdaq Global Select or Global Market, are there any circumstances under which that company can have the benefit of the longer timeline to meet the two diverse director objective as companies listed on Nasdaq Capital Market?
Identification Number 1785

No. However, a company in this situation that does not meet the applicable timeline could provide an explanation, such as the below example, as to why it does not:

“While the Company is listed on Nasdaq Global Market, the Company believes that it is similarly situated to companies listed on Nasdaq Capital Market in terms of its annual revenues and public float, and therefore has chosen to meet the objectives of Rule 5605(f)(2)(C) in lieu of Rule 5605(f)(2)(A). The company has met these objectives by having at least two diverse directors on the board within the timeframe provided under Rule 5605(f)(7) applicable to Nasdaq Capital Market-listed companies.”  
Publication Date*: 8/6/2021 Mailto Link Identification Number: 1785
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