Tawny Angel: How long can a stock remain at below before de-listed at NASDAQ exchange?
That is at the NASDAQ exchange. What about the NYSE? What is their equivalent standard and requirement? Is their minimum at $ 2 and for how long?
Answers and Views:
Answer by Felix_FINA4242
On the Nasdaq, the delisting process is set in motion when a company trades for 30 consecutive business days below the minimum bid price of $ 1 (or below the minimum market cap of $ 5 million). At this point, Nasdaq’s Listing Qualifications Department will send a deficiency notice to the company, informing it that it has 180 calendar days to get up to standard regarding the minimum bid price listing requirement of $ 1.
The NYSE also has a $ 1 minimum share price requirement and a 6 months compliance period, see the two examples below.
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