Lightwave Logic Inc (LWLG)

[atlsutiger]

Clarity from NASDAQ regarding the uplisting:

First of all, companies typically don’t choose which tier they will qualify under – NASDAQ will review all companies against every standard and the appropriate tier will be selected.

If they uplist via Market Value then there is a 90-day lookback period for both the bid and closing price. So the price would have to maintain those levels for at least 90 days.

If they uplist via Equity Standard then there is no 90-day lookback period for the bid and closing share price options.

Lastly, once the companies meets all requirements from the appropriate tier, each company decides when to submit an application for uplisting, and that timing decision is up to the executives/board.