Bit Brother Ltd (BETSF)

[INFINITI]

New listing standards related to reverse splits. Under prior Nasdaq listing rules, a reverse stock split was identified as a “Substitution Listing Event,” which required notification to Nasdaq no later than 15 calendar days prior to implementation of the event. Although there was no requirement for public disclosure specific to reverse splits, companies were required to make “prompt disclosure” of “any material information that would reasonably be expected to affect the value of its securities or influence investors’ decisions,” which, Nasdaq stated, included reverse stock splits.