Replies to post #37751 on Reliance Global Group Inc (RELI)

[QaB2i]

Criteria for delisting on Nasdaq,

the delisting process is set in motion when a company trades for 30 consecutive business days below the minimum bid price or market cap.

At this point, Nasdaq's Listing Qualifications Department will send a deficiency notice to the company, informing it that it has 90 calendar days to get up to standard in the case of the market value listing requirement or 180 calendar days if the issue is regarding the minimum bid price listing requirement.

The minimum bid price requirement, which is $4, and the market value requirement (minimum $8 million, provided other requirements are met) are the most common standards that companies fail to maintain. Exchanges typically provide relatively little leeway with their standards because most healthy, credible public companies should be able to meet such requirements on an ongoing basis.

However, while the rules are generally considered to be written in stone, they can be overlooked for a short period of time if the exchange deems it necessary.

[TenKay]

It has to drop under a $1 bid price for 30 consecutive days. At that point they get a letter from Nasdaq warning that they do not meet the continued listing criteria. They then have 180 days to get it back above $1 (usually by RS) and it has to stay there for 10 consecutive days in order to reset. If not they get booted.

The $4 number some are quoting is an INITIAL listing criteria. Not a continued listing one.