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Friday, April 28, 2023 10:29:12 AM
Initial Minimum Bid Price for Stock: The stock must have a minimum initial bid price of $5.00, and must later remain at or above $1.00. This requirement serves as a safeguard against certain market activities associated with low-priced securities, and protects the credibility of the NASDAQ market.
https://www.findlaw.com/smallbusiness/business-finances/markets-and-listing-requirements.html#:~:text=Initial%20Minimum%20Bid%20Price%20for,credibility%20of%20the%20NASDAQ%20market.
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