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Frequently Asked Questions
  How does a company regain compliance with the minimum bid price requirement?
Identification Number 356
In order to regain compliance with the minimum bid price requirement, a security must have a closing bid price of $1.00 or more for 10 consecutive business days.
Although an automated computer system tracks each company's bid price on a daily basis, it is suggested that the company contact its Listing Qualifications Analyst via email or by phone at +1 301 978 8008 when it believes compliance has been achieved. Nasdaq will provide all compliance determinations, in writing, to the company.
Under certain circumstances, to ensure that the company can sustain long-term compliance, Nasdaq may require the closing bid price to equal or to exceed the $1.00 minimum bid price requirement for more than 10 consecutive business days before determining that a company complies. In determining whether to look beyond the 10 days, Nasdaq will consider, but is not limited to, the following factors:
    • Margin of compliance (the amount by which the price is above the $1.00 minimum standard);
    • Trading volume (a lack of trading volume may indicate a lack of bona fide market interest in the security at the posted bid price);
    • The market maker montage (e.g., if only one of eight market makers is quoting at or above the minimum bid price and the quote is only for 100 shares, then added scrutiny may be appropriate); and
    • The trend of the stock price (is it moving up or down?).
Publication Date*: 7/31/2012 Mailto Link Identification Number: 356
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