My company has received a delisting notice for a compliance concern other than the minimum $1.00 bid price requirement. Can we still submit a transfer application?
Yes. If a company has received a delisting notice for failure to meet the continued listing criteria for the Global Market and Global Select Market, and would like to transfer to the Capital Market, the company should request a Hearing and submit a transfer application. NASDAQ Staff will review the application for compliance with the Capital Market’s continued listing standards, and if the application is approved prior to the Hearing, the Hearing will become moot and will be canceled. My company has received a delisting notice for a compliance concern other than the minimum $1.00 bid price requirement, and is also in the initial 180-day compliance period for the minimum $1.00 bid price requirement. Can we still submit a transfer application? If the company’s initial 180 day compliance period has not expired, it can submit a transfer application. If the application is approved, the company will be afforded the balance of the initial 180-day compliance period. However, to be eligible for
