BLACKROCK Municipal Income TRUST V.BFK.P

NASDAQ rules to not be delisted

[Rotaluceps]

Keep in mind that NASDAQ need to keep their credibility. There is the COVID that
could help Hexo to stay listed. 

How long can a stock be under a dollar Nasdaq?

If a company trades for 30 consecutive business days below the
$1.00 minimum closing bid price requirement, Nasdaq will send a

deficiency notice to the company, advising that it has been afforded
a "compliance period" of 180 calendar days to regain compliance
with the applicable requirements.

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. For example, on Sept. 27,
2001, the Nasdaq announced that it was implementing a three-month moratorium on price and market value
 listing requirements
 as a result of the market turbulence created by the Sept. 11,
2001, terrorist attacks in New York City. For many of the
approximately 400 stocks trading under $1, the freeze expired
on January 2, 2002, and some companies found themselves
promptly delisted from the exchange. The same measures were
taken in late 2008 in the midst of the global financial crisis, as
hundreds of Nasdaq-listed companies plunged below the
$1 threshold.