Zalemark Holding Co Inc (ZMRK)

[fact-checker]

No-Uplisting-for-$ZMRK: NASDAQ SmallCap Market Listing Requirements

Small capitalization companies can be listed on the NASDAQ SmallCap Market if they have either:

Net tangible assets of $4 million,
$50 million market capitalization, or
Net income in the latest fiscal year or two of the past three fiscal years of $750,000.
In addition, these companies must have a public float of $1 million, a market value of the public float of $5 million, a minimum of 300 shareholders, and at least three market makers. Also, these companies must have an operating history of at least one year or $50 million market capitalization. The initial minimum bid price is $4.00.

Initial Minimum Bid Price for Stock: The stock must have a minimum initial bid price of $4.00, and must later remain at or above $1.00. This requirement serves as a safeguard against certain market activities associated with low-priced securities, and protects the credibility of the NASDAQ market.
Peer Review Requirement: The practices of all independent auditors for companies listed on the NASDAQ are subject to monitoring under a peer review system. Also, the quality control systems of accounting firms of NASDAQ-listed companies are reviewed by peers every three years.

Get Legal Advice
The U.S. securities market is a complicated field. You may wish to contact a qualified business and commercial law attorney in your area today to help you simplify some of the financial and legal jargon and get your company's shares on the publicly traded market.