Search Results for keywords:"Nasdaq Capital Market"

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Search Results: keywords:"Nasdaq Capital Market"

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  • 2025-04343 — Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing of Amendment No. 1 and Order Granting Accelerated Approval of a Proposed Rule Change, as Modified by Amendment No. 1, To Modify Certain Initial Listing Liquidity Requirements
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    Type:Notice
    Citation:90 FR 12608
    Reading Time:about 16 minutes

    The Securities and Exchange Commission (SEC) has approved changes to the Nasdaq Stock Market's initial listing requirements on an accelerated basis. These changes require that companies listing on the Nasdaq Global Market or Nasdaq Capital Market through an initial public offering (IPO) meet a minimum market value of publicly held shares solely with the proceeds from the offering. Additionally, companies uplisting from the U.S. over-the-counter market will also need to meet this requirement using only IPO proceeds. The purpose of these changes is to enhance liquidity and stability for newly listed securities.

    Simple Explanation

    The SEC made a new rule for companies that want to join a special market called Nasdaq. This rule says the companies need to have a certain amount of money from their sales to be allowed in, making it safer and steadier for people buying their shares.

  • 2024-30898 — Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing of Proposed Rule Change To Modify Certain Initial Listing Liquidity Requirements
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    Type:Notice
    Citation:89 FR 106717
    Reading Time:about 11 minutes

    The Nasdaq Stock Market LLC has proposed a rule change that aims to modify the initial listing liquidity requirements for companies listing on the Nasdaq Global Market or Nasdaq Capital Market, particularly those undergoing an initial public offering (IPO). This change will require companies to meet the minimum Market Value of Unrestricted Publicly Held Shares (MVUPHS) solely from IPO proceeds, excluding resale shares. The proposal is intended to ensure adequate liquidity and reduce volatile trading on the listing date, aligning with the Securities Exchange Commission's objectives to protect investors and maintain orderly markets. Public comments are invited on the proposed rule changes by January 21, 2025.

    Simple Explanation

    The Nasdaq Stock Market wants to change a rule so that when a company first sells its shares to the public, it has to make sure the shares really sold in that sale, not ones just being resold, count toward showing there's enough interest from buyers. This rule helps make sure trading is smoother and less shaky on a company’s first day on the stock market.