Xcelerate Inc (XCRT)

[chemist72]

$27.5M required for Nasdaq Global Select Market.

I'm assuming they will try to get listed on Nasdaq Capital Market (NCM). There are 3 "Standards" for an initial NCM listing. The Standard I assume XCRT will file under is the Market Value of Listed Securities Standard. The other 2 listing standards for NCM are "Equity Standard" and "Net Income Standard". The Market Value standard does not require an operating history nor a $750K net income history.

Check out the requirements on page 11 at the link below.

https://listingcenter.nasdaq.com/assets/initialguide.pdf

The kicker for the Market Value Standard is given in a footnote on page 11 as follows:

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.

How will XCRT meet the $50M market cap requirement and the minimum bid price requirement ($4) for 90 consecutive trading days? LOL

RS is the only way they will meet the minimum bid price requirement. As for the $50M market cap requirement, I have no idea how they are going to meet that requirement (current market cap is ~$20M). XCRT would need a share price of about $.115 to have a MC of ~$50M!