Exam Alert: SEC approves tougher listing standards for reverse merger companies

On November 9, 2011, the SEC approved stricter listing requirements for reverse merger companies seeking to be listed on NYSE Amex, NYSE, or NASDAQ. Such a company must trade on another exchange or on the over-the-counter market for one year before listing. The company must also maintain a minimum share price for a specified duration and for 30 of the 60 trading days before the listing application. Certain exemptions apply. Continue reading

On November 9, 2011, the SEC approved stricter listing requirements for reverse merger companies seeking to be listed on NYSE Amex, NYSE, or NASDAQ.  Such a company must trade on another exchange or on the over-the-counter market for one year before listing.  The company must also maintain a minimum share price for a specified duration and for 30 of the 60 trading days before the listing application.  Certain exemptions apply.

Source: SEC Release 2011-235

This alert applies to the Series 79, Series 24, Series 62, and Series 7.

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