I'm still confused by the $4 requirement and need clarification. Again, Benjo posted this quote about "the box at the bottom lays out minimum bid prices. included are $3 and $2, which are closing price alternatives to $4." Which is it?
If you scroll to page 10 in the link you provided (https://listingcenter.nasdaq.com/assets/initialguide.pdf) -- "nasdaq capital market" requirements, the box at the bottom lays out minimum bid prices. included are $3 and $2, which are closing price alternatives to $4. the double asterisk is as follows:
** To qualify under the closing price alternative, a company must have: (i) average annual revenues of $6 million for three years, or (ii) net tangible assets of $5 million, or (iii) net tangible assets of $2 million and a 3 year operating history, in addition to satisfying the other financial and liquidity requirements listed above.
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