NaturalShrimp Inc (SHMP)

[TooFrank]

Nasdaq Capital Market

On August 19, 2020, NaturalShrimp Incorporated (the “Company”) issued a press release announcing that it has filed its initial listing application with the NASDAQ to list its common stock on the NASDAQ Capital Market. NASDAQ must approve the Company’s application before the Company’s common stock can be listed.
https://www.otcmarkets.com/filing/html?id=14346717&guid=sh46UKlkUbwM33h

To list initially on the Nasdaq Capital Market, companies must meet all of the criteria under at least one of three listing standards—the equity standard, the market value of listed securities standard or the total assets/total revenue standard

All the standards share some requirements such as one million publicly held shares, 300 shareholders and 3 market makers.

The Equity Standard
Stockholders’ Equity $5 million
Market Value of Unrestricted Publicly Held Shares $15 million
Operating History 2 years
Market Value of Listed Securities NONE
Net Income from Continuing Operations (in the latest fiscal year/two of the last three fiscal years) NONE
Bid Price $4.00
Closing Price (To qualify average annual revenues of $6 million for three years) $3.00

Market Value of Listed Securities Standard*
Stockholders’ Equity $4 million
Market Value of Unrestricted Publicly Held Shares $15 million
Operating History NONE
Market Value of Listed Securities $50 million
Net Income from Continuing Operations (in the latest fiscal/ two of the last three fiscal years) NONE
Bid Price $4
Closing Price (To qualify average annual revenues of $6 million for three years) $2

Net Income Standard
Stockholders’ Equity $4 million
Market Value of Unrestricted Publicly Held Shares $5 million
Operating History NONE
Market Value of Listed Securities NONE
Net Income from Continuing Operations (latest fiscal year/two of the last three fiscal years) $750,000
Bid Price $4
Closing Price (To qualify average annual revenues of $6 million for three years) ) $3.00


* Currently traded companies qualifying solely under the Market Value Standard must meet the $50 million Market Value of Listed Securities and the applicable bid price requirement for 90 consecutive trading days before applying.

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