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Thursday, October 10, 2019 6:13:45 PM
"In November of 2011, the SEC approved new NASDAQ, NYSE, and AMEX rules that impose more stringent listing requirements for companies that become public through a Reverse Merger. These rules prohibit a Reverse Merger company from applying to list until it has completed a one-year “seasoning period” by trading in the U.S. over-the-counter market or on another regulated U.S. or foreign exchange following the Reverse Merger, and filed all required reports with the Commission, including audited financial statements. The company must also maintain a minimum share price of $2.00 to $4.00 for at least 30 of the 60 trading days, immediately prior to its listing application."
https://www.securitieslawyer101.com/reverse-mergers/
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