Insight
On April 17, 2020, the SEC granted immediate effectiveness to a Nasdaq proposal giving listed companies relief from compliance with Nasdaq’s listing requirements on bid price and market value of publicly held shares. Under the proposal, Nasdaq is tolling the compliance period through June 30, 2020. Throughout the tolling period, Nasdaq will continue to monitor compliance and to notify companies about new instances of non-compliance, and companies will remain subject to requirements to publicly disclose any new notifications.
If you have any questions, please contact Gunster securities law and corporate governance practice leader Bob Lamm.
