Have a minimum bid price of $0.10 per share for its common stock as of the close of business on each of the 30 consecutive calendar days immediately preceding the Company’s application for OTCQX. In the event that (i) there has been no prior public market for the Company’s securities in the U.S. and (ii) FINRA has approved a Form 211 relating to the Company’s securities, then the Company may apply in writing to OTC Markets Group for an exemption from the minimum bid price requirements of this Section 2.2(i), which exemption may be granted by OTC Markets Group in its sole and absolute discretion. In the event that the Company is a Seasoned Public Issuer that completed a reverse stock split within 6 months prior to applying for admission to OTCQX U.S., the Company must have, subsequent to the reverse stock split, a minimum bid price of $0.10 per share for its common stock as of the close of business on each of the 5 consecutive trading days immediately preceding the Company’s application for OTCQX
Quote:
--------------------------------------------------------------------------------
