BioRestorative Therapies Inc (BRTX): NASDAQ listing requires a $1 minimum bid...

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JPS02

Re: stervc post# 21928

Thursday, 09/10/2020 8:33:46 PM

Thursday, September 10, 2020 8:33:46 PM

NASDAQ listing requires a $1 minimum bid price and $4 regular bid price

If BRTXQ does end up listing on the NASDAQ, below are the minimum and regular bid price requirements that would apply.

How does it come into effect?

If a company closes below a $1/share bid price for 30 consecutive days, the Nasdaq sends the company a written notice. The notice states that the company is no longer in compliance with its continued listing requirements and has 180 days to regain compliance. Otherwise, the company will face delisting.

https://thebowserreport.com/blog/the-nasdaqs-minimum-bid-price-requirement/

Regular bid price is $4

https://www.investopedia.com/ask/answers/nasdaq-listing-requirements/#:~:text=Each%20company%20must%20have%20a,market%20makers%20for%20the%20stock.

See pages 7 and 10 > https://listingcenter.nasdaq.com/assets/initialguide.pdf

Go BRTXQ!

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