There is a 90-day (not 9 month) PPS requirement -- BUT ONLY IF THE COMPANY FILES UNDER THE MARKET VALUATION PATH. Otherwise, you just have to be at $4 (and meet the requirements of the other paths).
SPNG meets the stated requirements of two other paths. So, getting to $4 is the only remaining obstacle. There are also more case by case requirements involving Nasdaq not wanting to list a scam company, etc.
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