Sirius XM Holdings Inc (SIRI)

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Nasdaq Proposes Extending Suspension of Listing Reqs

(Thanks to Turbo dog!! - I'm gonna sticky note this for a bit! Awesome find!)

Nasdaq has filed a proposed rule change to extend by three months its temporary suspension of its continued listing requirements related to bid price and market value of publicly held shares for listing on the Nasdaq Stock Market.

The suspension, which would’ve expired on April 19, will now expire July 19.

The proposed rule filing marks the second such extension by the exchange, which first filed to suspend the requirements back in October 2008 and then extended the suspension in December.

“Market conditions have not improved since the suspension began and, in fact, both the number of securities trading below $1 and the number of securities trading between $1 and $2 on Nasdaq has increased since the initial suspension,” the rule filing states.

The move follows similar actions by the New York Stock Exchange, which temporarily suspended the application of its stock price criteria and extended the temporary lowering of its market-capitalization standard for listed companies. Both suspensions are in place until June 30.