Enzolytics Inc (ENZC)

[bigtalan]

Maybe I shouldn't have used cash influx ( but something has to be able to support the added shares to keep the SP @ 10.00 that would be the PIPE money that would hold the value at 450m) , This was the point I was trying to point out.They have to report

Yes, a company listed on NASDAQ has to report an increase in outstanding shares. According to the Nasdaq Listing Center, companies applying to list and listed on Nasdaq must meet the qualitative requirements outlined in the Rule 5600 Series1. In addition to meeting the quantitative requirements in the Rule 5200, 5300, 5400 and 5500 Series1, companies must meet all of the criteria under a particular set of standards2. Each listing firm must adhere to U.S. Securities and Exchange Commission (SEC) Marketplace Rules for Nasdaq listings, including corporate governance rules 4350, 4351, and 43602. The regular bid price of shares of the company’s stock at the time of listing must be at least $4.00; however, a company may qualify under a closing price alternative of $3.00 or $2.00 if the company meets varying requirements2. Companies must have a minimum of 1,250,000 publicly traded shares outstanding upon listing, excluding those held by officers, directors, or any beneficial owners of more than 10% of the company2. To stay listed on the Nasdaq, a company must continue to meet the minimum listing requirements or risk being delisted and removed from the Nasdaq exchange2.

Learn more:

1. listingcenter.nasdaq.com
2. investopedia.com
3. listingcenter.nasdaq.com
4. sec.gov

https://securities-law-blog.com/2021/12/14/nasdaq-updated-las-form/