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BlackDoggie

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BlackDoggie

Re: trding post# 20563

Sunday, 03/04/2018 12:44:12 AM

Sunday, March 04, 2018 12:44:12 AM

Post# of 232916
As I previously quoted from the NASDAQ FAQ:


A seasoned issuer may complete a reverse stock split to comply with Nasdaq's minimum price requirement for initial listing. Generally, when this happens, Nasdaq will require that the issuer continue to meet the price requirement for a minimum of five consecutive trading days after the split takes place. This means that on each of the five days the issuer must at some point during normal trading hours have a price which is at or above the applicable initial listing criteria.



Emphasis mine. I read the FAQ to say that NASDAQ views share price (historical) on a split adjusted basis, and that they only need to hold the price for 5-10 days post-R/S. You may read it differently, but I've yet to see anything from NASDAQ that makes me believe differently.

https://listingcenter.nasdaq.com/Material_Search.aspx?cid=34&mcd=LQ
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