Replies to post #3689 on The Valens Company Inc. (VLNS)

[GE_Jim]

I believe it may even be less, depending.

"The regular bid price of shares of the company's stock at the time of listing must be at least $4.00. However, a company may qualify under a closing price alternative of $3.00 or $2.00 if the company meets varying requirements.

There must be at least three (or four depending on the criteria) market makers for the stock. For companies using the $3 or $2 criteria, only two market makers may be required. Each listing firm is also required to follow NASDAQ corporate governance rules 4350, 4351, and 4360.

Case in point MMEDF was uplisted this week, now listed as MNMD ,but when approved they were at 2.13

[GE_Jim]

At 2 something a share they could do a 2 to 1. To play it safe they may request a higher 3/1 or 4/1. IMO

[FUNMAN]

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Description

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Time

Jun 2, 2021 03:00 PM in Eastern Time (US and Canada)