Instead of guessing just look it up.
Re: NASDAQ Listing Requirements and R/S Constraints
posted on Jan 12, 2021 12:30PM
That depends on what news is coming down the pike. If a big fish has been landed then the R/S will be significantly lower and of course it depends on the listing standard.
There are several NASDAQ Capital Market listing requirments. Under market value listing standard closing price as low as $2 is accepted.
So lets not jump to concluusions until people have had time to piece this together.
https://listingcenter.nasdaq.com/assets/initialguide.pdf