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TenKay

07/01/22 7:11 AM

#186702 RE: stock_observer_77 #186700

“Nope”

An RS doesn’t solve the problem of maintaining the minimum bid price requirement for continued Nasdaq listing?!

Someone needs to tell Nasdaq then…because they are saying it does..LOL.

Does Nasdaq accept reverse stock splits as a method to regain compliance with the minimum bid price requirement?
Identification Number 357
Yes. Nasdaq views reverse stock splits as an acceptable method to regain compliance. If the company determines to implement a reverse stock split, it will need to log in to the Listing Center and complete a Company Event Notification at least 15 calendar days prior to the implementation of the reverse split.