iQSTEL Inc (IQST)

[42Hours]

IQST could uplist with a closing price of $2 under the Nasdaq listing rule 5505(b)(2), the "Market Value of Listed Securities Standard".

Link 1: 5500. THE NASDAQ CAPITAL MARKET

Link 2: PDF with easier to read format (Note: This is a NASDAQ PDF download link.)

Full requirements to list under 5505(b)(2), the Market Value of Listed Securities Standard*:

Stockholders’ Equity: $4 million

Market Value of Unrestricted Publicly Held Shares: $15 million

Market Value of Listed Securities: $50 million

Unrestricted Publicly Held Shares: 1 million

Unrestricted Round Lot Shareholders**: 300

Market Makers: 3

Bid Price: $4
OR
Closing Price***: $2


* 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.

** Effective August 2019 Nasdaq’s initial listing criteria were revised to exclude securities subject to resale restrictions for any reason from
the calculation of publicly held shares, market value of publicly held shares and round lot shareholders. In addition, the round lot
shareholder requirements were revised to also require that at least half of the minimum required number of round lot holders must each
hold unrestricted securities with a minimum value of $2,500.

*** To qualify under the closing price alternative, a company must have: (i) average annual revenues of $6 million for three years, or (ii)
net tangible assets of $5 million, or (iii) net tangible assets of $2 million and a 3 year operating history, in addition to satisfying the other
financial and liquidity requirements listed above.

In addition to the above requirements, if the security is trading in the U.S. over-the-counter market as of the date of application, the
security must have a minimum average daily trading volume of 2,000 shares (including trading volume of the underlying security on the
primary market with respect to an ADR), over the 30 trading day period prior to listing, with trading occurring on more than half of those
30 days, unless such security is listed on the Exchange in connection with a firm commitment underwritten public offering of at least $4
million.