From: CIMA
Sunday, Jan 23, 2000 ÿ11:05 PM ET
Reply # of 1206
For initial listing on the Nasdaq SmallCap Market a company must have at least:
(i) net tangible assets of $4,000,000 or market capitalization of $50,000,000 or net income for two of the last three years of $750,000;
(ii) public float of 1,000,000 shares with a market value of $5,000,000;
(iii) a bid price of $4.00;
(iv) three market makers;
(v) 300 shareholders and
(vi) an operating history of one year or, if less than one year, $50,000,000 in market capitalization.
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For continued listing on the Nasdaq SmallCap Market
(i) a company must have at least net tangible assets of $2,000,000 or market capitalization of $35,000,000 or net income for two of the last three years of $500,000;
(ii) a public float of 500,000 shares with a market value of $1,000,000;
(iii) a bid price of $1.00;
(iv) two market makers; and
(v) 300 shareholders."
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Cima, I remember the rules. What's your point? |
