📈Nasdaq Proposes Changes to Initial Listing Liquidity Requirements
Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Modify Certain Initial Listing Liquidity Requirements
Summary
The Securities and Exchange Commission published a notice regarding Nasdaq's proposed changes to modify initial listing liquidity requirements. These changes aim to require companies to satisfy Market Value of Unrestricted Publicly Held Shares based solely on the proceeds from their offerings, impacting initial public offerings and uplisting processes. The Commission is extending the review period for these changes, allowing time for consideration of the proposed rule.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change by Nasdaq modifies listing liquidity requirements, which affects companies seeking to go public and those uplisting from the OTC market, requiring compliance with new criteria solely based on offering proceeds. This directly impacts business owners and executives involved in IPOs or uplisting activities.