does this apply to SNV Delisting criteria – Market value
The extraordinary drop in stock prices resulting from the COVID-19 pandemic has caused a sudden drop in the market capitalizations of TSX-listed issuers, in some cases resulting in issuers no longer satisfying the minimum market value tests required under TSX continued listing requirements. The Staff Notice states that the TSX will not apply the minimum market value tests (the market value of the issuer’s securities is less than $3,000,000 over any period of 30 consecutive trading days, or the market value of the issuer’s freely tradeable, publicly held securities is less than $2,000,000 over any period of 30 consecutive trading days) in the context of a delisting review until December 31, 2020.