Lightwave Logic Inc (LWLG)

[mc67]

The Nasdaq has four sets of listing requirements. Each company must meet at least one of the four requirement sets, as well as the main rules for all companies.1?

Listing Requirements for All Companies

Each company must have a minimum of 1,250,000 publicly traded shares upon listing, excluding those held by officers, directors or any beneficial owners of more than 10% of the company.

Also, the regular bid price at the time of listing must be $4.00, and there must be at least three market makers for the stock.

However, a company may qualify under a closing price alternative of $3.00 or $2.00 if the company meets varying requirements.

Each listing firm is also required to follow NASDAQ corporate governance rules 4350, 4351 and 4360.

Companies must also have at least 450 round lot (100 shares) shareholders, 2,200 total shareholders, or 550 total shareholders with 1.1 million average trading volume over the past 12 months. (cont'd)

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