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Frequently Asked Questions
  If a company has fallen below the stockholders' equity, total assets and total revenue, net income from continuing operations, publicly held shares or shareholders requirement, will it be delisted?
Identification Number 364
Not immediately. Based on the company's periodic public filings, Nasdaq will determine if it is still in compliance with these requirements. If Nasdaq determines that the company no longer complies with a particular requirement, then Nasdaq will issue a letter requesting that the company submit a plan of compliance.  In general, these plans are due within 45 calendar days, although Staff, in its discretion, may shorten this period. Upon review of the company's plan of compliance, Nasdaq will determine whether:
    • The company has regained compliance;
    • An extension of time is warranted; or
    • To initiate delisting proceedings.
In each circumstance, Nasdaq will notify the company of the decision in writing. For further information, please see Listing Rule 5810 regarding Staff review of deficiencies. If Nasdaq determines to delist the securities, the company may appeal at that time. See Hearings FAQs for additional information.
Publication Date*: 7/31/2012 Mailto Link Identification Number: 364
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