Sonendo Inc (SONX)

[RichieBoy]

That's not dumb sir, great question how apropos.

Simply put there is no such SEC Board of Directors that interfere. The company has prerequisite qualifications set by the NYSE exchange they must meet in terms of financial performance, corporate governance standards, and minimum stock price thresholds. The decision if to uplist is normally made by the company's management and executive in observance of direction from it's legal and financial advisors.

SONX as confirmed in 4th quarter earnings is "in the process of uplisting to NYSE" . Sonendo's lawyers will advise SONX on any errors improvements etc. Primarily NYSE exchange will independently approve (or disapprove) of SONX's qualifications of NYSE's rules.

The SEC normally plays a role in regulating the Securities industry and ensuring compliance with Securities Law. In that vein the final conclusion of the process is SEC's approval that SONX may proceed with it's uplisting.

So your long answer is the company does the full brunt of the decision making through it's staff, management and lawyer's decisions, while the NYSE and SEC determine there approval in that order. Of course there will be obligatory back and forth collaboration at all levels. But at the end of the day... The Securities Exchange Commission always holds final* say.