Additionally, I believe you need to be 4$ minimum continuously for up to one month prior to applying. Someone posted about it being different since they’re a small cap, i couldn’t find any proof on that.
$1 not $4 Rule 4310(c)(4): For continued inclusion, the minimum bid price per share for common stock shall be $1. Issue: The bid price of the company's common stock was below $1. The company believed its common stock price would increase after it received shareholder approval for the sale of its water treatment business.