If you read a little further you will see the minimum of $4.
You be well too!
NASDAQ CAPITAL MARKET
INITIAL LISTING
Companies must meet all of the criteria under at least one of the three standards below.
NASDAQ Capital Market Initial Listing Requirements
Requirements |
Standard 1 |
Standard 21 |
Standard 3 |
Marketplace Rules2 |
Stockholders’ equity |
$5 million |
$4 million |
$4 million |
4310(c)(2)
4320(e)(2)
|
Market value of publicly held shares |
$15 million |
$15 million |
$5 million |
4310(c)(2)
4320(e)(2)
|
Operating history |
2 years |
N/A |
N/A |
4310(c)(2)
4320(e)(2)
|
Market value of listed securities3 |
N/A |
$50 million |
N/A |
4310(c)(2)
4320(e)(2)
|
|
Net income from continuing operations
(in the latest fiscal year or in 2 of the last
3 fiscal years)
|
N/A |
N/A |
$750,000 |
4310(c)(2)
4320(e)(2)
|
Publicly held shares4 |
1 million |
1 million |
1 million |
4310(c)(7)
4320(e)(5)
|
Bid price |
$4 |
$4 |
$4 |
4310(c)(4)
4320(e)(2)
|
Shareholders (round lot holders)5 |
300 |
300 |
300 |
4310(c)(6)
4320(e)(4)
|
Market makers6 |
3 |
3 |
3 |
4310(c)(1)
4320(e)(1)
|
Corporate governance |
Yes |
Yes |
Yes |
4350, 4351 and
4360
|
