Qualitative Listing Requirements Chart: Nasdaq Stock Market | Practical Law

Qualitative Listing Requirements Chart: Nasdaq Stock Market | Practical Law

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Qualitative Listing Requirements Chart: Nasdaq Stock Market

Practical Law Checklist 3-511-0228 (Approx. 25 pages)

Qualitative Listing Requirements Chart: Nasdaq Stock Market

by Practical Law Corporate & Securities
A chart presenting the qualitative listing requirements of the Nasdaq Stock Market (Nasdaq). The chart identifies which requirements must be met at the time of initial listing, and must continuously be met to remain listed, and, if applicable, the maximum time for compliance from the date of listing. A company that is already listed on Nasdaq must continue to satisfy these requirements to maintain its status as a listed company on Nasdaq. The corporate governance rules for Nasdaq are set out in the Listing Rule 5600 Series and the interpretative materials associated with those rules.
While Nasdaq has three listing tiers for public companies, with each having different quantitative standards and requirements for listing, the qualitative standards and requirements for initial listing and for maintaining the listing are the same for all tiers.
The chart also identifies certain of the initial and periodic reporting forms that must be filed by a Nasdaq-listed company concerning its compliance with Nasdaq's corporate governance rules.