They actually need $3 plus revenue and assets. Reverse is a waste of time if there is no sustainable revenue. Everything else is just dressing for the king with no clothes.
What are the rules to be listed on NASDAQ?
Shareholders Equity of at least $2,000,000.
At least 100,000 shares of public float.
A minimum of 300+ shareholders.
Total assets of $4,000,000.
At least two market makers.
$3 minimum bid price of the company stock.
Public float market value of $1,000,000.
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