RE: Lucy13 Dec 2023 15:54
Small capitalization companies can be listed on the NASDAQ SmallCap Market if they have either: Net tangible assets of $4 million, $50 million market capitalization, or. Net income in the latest fiscal year or two of the past three fiscal years of $750,000.
They won't get round it with the market cap, but they might with net tangible assets - they'll work it out somehow imho. The IP will probably be cited with a value.
Although their revenue hasn't hit $750,000 annually yet it will with the deals they ve got on the back burner so I expect they'll get some sort of reprimand but will have the right sort of response.
My opinion only. No regular poster on here is any sort of exper on involuntary de-listing on this BB