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Reverse Stock Splits Nasdaq Stock Prices

Sullivan & Worcester

Nasdaq Changes Rules Regarding Minimum Bid Price Compliance Periods and Restricts the Use of Reverse Stock Splits

Sullivan & Worcester on

The Securities and Exchange Commission (SEC) recently approved rule changes proposed by The Nasdaq Stock Market LLC that impact companies utilizing reverse stock splits to regain compliance with Nasdaq’s minimum bid-price...more

Kelley Drye & Warren LLP

Nasdaq Amends Minimum Bid Price Rule to Prevent Companies from Resetting the Compliance Period for Subsequent Listing Failures

Kelley Drye & Warren LLP on

On October 7, 2024, the Securities and Exchange Commission (the SEC) approved an amendment (the Amendment) to the rules governing The Nasdaq Stock Market (Nasdaq) minimum bid price requirement. The changes resulting from the...more

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