Ocata Therapeutics Inc fka OCAT

[Dragon Lady]

100% incorrect, quote, "$OCAT needed $7 to $8 mil of cash and cash equivalence to list on the NASDAQ Global. How did this happen???
"

The Nasdaq global market DOES NOT have a minimum shareholder positive equity requirement as does the Nasdaq "Capital Market" (CM) tier.

The ONLY requirement for the Nasdaq "Global Market" is the following per the table on page 8 of the below published Nasdaq market "listing requirements":

1) Market Value Of listed securities at least $75 million

2) Public held shares at least 1.1 million

3) Market value of public held shares at least $20 million

4) Minimum share price of $4 a share

5) Minimum number of shareholders at least 400

6) Minimum number of market maker 4

THAT IS IT.

So how did they list on the Global tier? Easy- just read the above requirements. No big deal- they met those requirements so they listed. No mystery here or anything to be implied or whatever? Totally straight forward.

No capital/cash on-hand requirement and no minimum shareholder equity of at least $4 million as on the Nasdaq "Capital Market" tier.

https://listingcenter.nasdaq.com/assets/initialguide.pdf

All right there- in plain English. Clear as day. NO positive shareholder equity requirement for the Nasdaq "Global Tier" (non select). None.