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Tuesday, April 02, 2024 8:25:18 AM
from securitieslawyer101
reverse mergers allow for easy migration onto NASDAQ, NYSE,OR AMEX. In Nov 2011 the Sec approved new NASDAQ, NYSE AND AMEX rules that impose more stringent listing requirements for companies that become public through reverse merger. these rules prohibit
a RM company from Appling to list untill IT HAS COMPLETED A 1 YEAR SEASONING PERIOD BY TRADING IN THE US OVER THE COUNTER MARKET OR ON ANOTHER REGISTERED US OR FOREIGN FOLLOWING THE RM AND FILED ALL REQUIRED REPORTS WITH THE COMMISSIONINCLUDING AUDITEDFINANCIAL STATEMENTS. THE COMPANY MUST ALSO MAINTAIN A SHARE PRICE OF 2/4$ FOR ATLEAST 30 OF THE 60 DAYS IMMEDIATELY PRIOR TO ITS LISTING.
IF THIS IS STILL CURRENT, NO NAZ FOR YEAR $$$$$$$$$$$
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