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Frequently Asked Questions
  What is Nasdaq's compliance process for companies failing to meet the minimum market value of publicly held shares requirement ("MVPHS")?
Identification Number 360
Nasdaq companies listed on the Global and Global Select Markets must maintain either $5,000,000 or $15,000,000 MVPHS depending on the listing standard under which they qualify. Companies listed on the Capital Market must maintain $1,000,000 MVPHS. If a Nasdaq-listed company trades below the applicable MVPHS requirement for 30 consecutive business days, it will be notified of the deficiency and afforded a 180 calendar day compliance period to regain compliance with the applicable standard.
In order to achieve compliance with the MVPHS requirement, a company must meet the applicable standard for a minimum of 10 consecutive business days. Although an automated computer system tracks each company's bid price and MVPHS on a daily basis, it is suggested that the company contact its Listing Qualifications Analyst via email at 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.
If the compliance period expires without compliance being achieved, a company listed on the Nasdaq Capital Market will be issued a delisting notification. Similarly, a company listed on the Nasdaq Global or Global Select Market that is ineligible to transfer to the Capital market, will be issued a delisting notification. The company may appeal Nasdaq's determination to delist at that time. See Hearings FAQs for additional information.
Publication Date*: 11/19/2019 Mailto Link Identification Number: 360
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