Nasdaq suspends delisting requirements
The Nasdaq Stock Market today suspended some of its delisting rules in light of the Sept. 11 terrorist attacks. Through Jan. 2, companies no longer must meet the minimum-bid requirement of $1 per share and the minimum float market value of $10 million.
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Businesses currently under review or in hearings for delisting for violating these requirements will be removed from the process, and no violations will accrue during the suspension. Nasdaq will consider “further and more permanent action” during this period.
--Toby Weber, staff writer
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© 2012 Penton Media Inc.
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