Green Energy Enterprises Inc. (GYOG)

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Companies can list on NASDAQ’s SmallCap Market with stockholders’ equity of just $5 million or with a market value of listed securities of $50 million or operating income of $750,000 in the latest fiscal year or in two of the last three fiscal years. Initial listing also requires at least one million publicly held shares with a market value of $5 million and a minimum bid price of $4. Three hundred round lot shareholders, three market makers and a one-year operating history or $50 million in market value of listed securities are also needed, as well as adherence to corporate governance rules.



As with the NASDAQ’s National Market listing, SmallCap companies must meet continued standards in order to maintain their listing.

There is a non-refundable $5,000 application fee plus entry fees based on the total number of listed shares. The entry fee is $25,000 for up to five million shares listed, $35,000 for over five million to 10 million shares, $45,000 for over 10 million to 15 million shares and $50,000 for over 15 million shares. Fees for non-US issuers are based on the number of shares or ADRs issued and outstanding in the US.



The annual fee is $15,000 for up to 10 million shares outstanding and $16,000 for over 10 million shares outstanding. NASDAQ should be contacted for complete details regarding fees.