Vaxil Bio Ltd V.VXL

What are the Listing requirements for the NASDAQ?

[bligicka]

What are the Listing requirements for the NASDAQ?

 

Below is the guide for the listing requirements for the relevant NASDAQ market - the NASDAQ Capital Market.

The primary consideration is the "Market Value of Publicly Held Stock" which essentially means stock that is in the hands of investors, not insiders.  As an example, if your company had pure investors prior to the offering that held shares valued at $5 mill at the valuation of the Reg A+ offering, then NASDAQ will require that you raise at a minimum $10 mill in the Reg A+. $5 mill + $10 mill = $15 mill. The information below is provided courtesy of VentureLawCorp.com

Nasdaq Capital Market – NASDAQ Listing Requirements

Requirements	Equity Standard	Market Value of Listed Securities Standard(3)	Net Income Standard
Net Income from Continuing Operations(In the latest fiscal year or in 2 of last 3 fiscal years)	N/A	N/A	$750,000
Net Tangible Assets	N/A	N/A	N/A
Market Value Publicly Held Stock(1)	$15,000,000	$15,000,000	$5,000,000
Market Value of Listed Securities(2)	N/A	$50,000,000	N/A
# of Shares Publicly Held	1,000,000	1,000,000	1,000,000
# Public Board Lot Holders	300	300	300
Bid price or Closing price(4)	$4.00 $3.00	$4.00 $3.00	$4.00 $3.00
Shareholders Equity	$5,000,000	$4,000,000	$4,000,000
Market Makers	3	3	3
Operating History	2 years	N/A	N/A

[saintpeter]

The regular bid price of shares of the company's stock at the time of listing must be at least $4.00. However, a company may qualify under a closing price alternative of $3.00 or $2.00 if the company meets varying requirements.   There must be at least three (or four depending on the criteria) market makers for the stock. For companies using the

[saintpeter]

hopefully this explains  it good enough

[bligicka]

So even if they meet the minimum price per share requirements, they don't have a minimum earnings and probably won't this year .....

[saintpeter]

if this becomes a viable going into production of lets say the pill the earnings they would gain would more than propel them into that  area. I believe that DG will build this company up and like most of us will be takin over by one of the big guys just on the production capabilities they have. The pill form would be one of the greatest accomplishments, can you imagine excitment over that

[silentrunning]

Exactly!!!

[Inforaswing14]

Hopefully you do more research on Nasdaq listing requirements.  You only need to fulfill 1 of 4 requirements 

[bligicka]

Yes Info your absolutely right, thanks for pointing that out..... I guess we need a $5 Canadian Share Price then .......lets get there !!!!

[silentrunning]

Great DD ! Cheers Didn't think it was an impossible scenario, certainly not my intent to distract from upcoming news or 2nd guess mgmt. Best

[saintpeter]

In addition to these requirements, companies must meet all of the criteria under at least one of the following standards.2 not sure what this newbie that just joined today means this is the statement in the 5th paragraph that I posted lol cheer's SP

[Grills]

excellent information thank you for providing that sp. 2021 will be an exciting year for vxl.