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Nasdaq proposes easing listing rules during coronavirus crisis

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Nasdaq Inc has applied with the U.S. Securities and Exchange Commission to offer temporary relief to companies listed on its exchange with stock ...

Nasdaq Inc has applied with the U.S. Securities and Exchange Commission to offer temporary relief to companies listed on its exchange with stock prices and market values that have fallen below required minimums due to disruptions during the coronavirus crisis.

Under the proposal, the minimum requirement rules will be suspended until the end of June so companies can focus on running their businesses rather than trying to satisfy Nasdaq's listing requirements, according to a regulatory filing on Thursday. Investors will still be able to see which companies have fallen below the standards on Nasdaq's website.

For instance, many communities have ordered all restaurants and entertainment facilities to close for an indefinite period, and travel industry bookings have collapsed.

 

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