Page #9 of the Official Nasdaq Financial and Liquidity Requirements:

The bottom row shows and/or states: Bid Price $4 for all three listing points

& the secondary row show/states: $3.- closing price, $2.- (perhaps you refer to this? however I think you'll find we are both right)(Bid Price $4.-) and the last colunm in this row is as the first: $4.- Bid and $3.- closing.

Think you said the footnoot as well?

And it states: **To qualify under the closing price alternative, a company must have: (1) average annual revenues of $6 Million for three years, or: (2) net tangiable assets of $5 Million dollars, or: (3) net tangiable assets of $2 Million and a 3 year operating history. in addition to satisfying the other financial and liquidity requirements listed above.