How does NASDAQ measure compliance with the bid price requirement for initial listing for seasoned issuers?
NASDAQ’s rules require that issuers meet a minimum bid price requirement of $4 per share for initial listing on The NASDAQ Stock Market. Seasoned issuers must meet the applicable requirement on the date NASDAQ approves their listing application and are expected to list promptly thereafter. For an issuer traded on a non-listed market, promptly generally means within five business days of approval. However, in the case of issuers listed on another exchange, promptly generally means within fifteen business days of approval, to take account the additional time required to effect the transfer from the other market. Note: A company that qualifies for listing only under the market value of listed securities standard must also meet the bid price requirement for 90 consecutive trading days prior to applying for listing. (Updated: December 17.
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