Mr Cooper Group Inc (COOP)

[mordicai]

Under the Merger agreement WMIH must get on the Nasdaq Global Select Market which has a $4 minimum bid price required for each of the four financial standards.

Nasdaq Global Select Market
Financial Requirements
Companies must meet all of the criteria under at least one of the four financial standards below and the applicable liquidity
requirements on the next page. These requirements apply to listing the primary class of securities for an operating
company. Refer to our Listing Rules for specific requirements as they pertain to closed end funds, structured products and
secondary classes.
Financial Requirements
Standard 1:
Earnings
Standard 2:
Capitalization with
Cash Flow
Standard 3:
Capitalization with
Revenue
Standard 4:
Assets with Equity
Listing Rules 5315(e) and
5315(f)(3)(A)
5315(e) and
5315(f)(3)(B)
5315(e) and
5315(f)(3)(C)
5315(e) and
5315(f)(3)(D)
Pre-Tax Earnings
(income from continuing
operations before income
taxes)
Aggregate in prior
three fiscal years > $11
million
and
Each of the prior three
fiscal years
> $0
and
Each of the two most
recent fiscal years >
$2.2 million
--- --- ---
Cash Flows ---
Aggregate in prior
three fiscal years
> $27.5 million
and
Each of the prior three
fiscal years > $0
---
---
Market Capitalization --- Average > $550 million
over prior 12 months
Average > $850 million
over prior 12 months $160 million
Revenue --- Previous fiscal year >
$110 million
Previous fiscal year >
$90 million ---
Total Assets --- --- --- $80 million
Stockholders’ Equity --- --- --- $55 million
Bid Price $4 $4 $4 $4
December 2017 Nasdaq, Inc. 8
Nasdaq Global Select Market:
Liquidity Requirements
Liquidity Requirements
Initial Public
Offerings and SpinOff
Companies
Seasoned
Companies:
Currently Trading
Common Stock or