https://www.ariva.de/forum/aezs-vs-kerx-540140?page=463#jumppos11591
A Company that has its Primary Equity Security listed on the Capital Market must continue to meet all of the requirements set forth in Rule 5550(a) and at least one of the Standards set forth in Rule 5550(b). Failure to meet any of the continued listing requirements will be processed in accordance with the provisions set forth in the Rule 5800 Series.
(a) Continued Listing Requirements for Primary Equity Securities: (1) At least two registered and active Market Makers, one of which may be a Market Maker entering a stabilizing bid;
(2) Minimum bid price of at least $1 per share; (3) At least 300 Public Holders;
(4) At least 500,000 Publicly Held Shares; and (5) Market Value of Publicly Held Shares of at least $1 million. (b) Continued Listing Standards for Primary Equity Securities: (1) Equity Standard: Stockholders' equity of at least $2.5 million; (2) Market Value of Listed Securities Standard: Market Value of Listed Securities of at least $35 million; or (3) Net Income Standard: Net income from continuing operations of $500,000 in the most recently completed fiscal year or in two of the three most recently completed fiscal years. https://listingcenter.nasdaq.com/rulebook/nasdaq/...#nasdaq-rule_5450
Unter Rule 5550(a) müssen alle 5 Regeln eingehalten werden, bei 5550(b) braucht es nur eine.
Problem: Zeit zum beheben 5 Okt 2020
(b)1 war zu gering und sollte mit der KE behoben sein.
(b)2 entweder haben sie nicht an eine MK von 35 Mio (Kurs um 1,50 $) geglaubt oder ihnen war es zu gewagt. Was sagt uns das für einen Lizenzdeal bis zum 5.Okt?
b(3) hatte überhaupt keine Chance
Da sie b(1) mit der KE behoben haben, haben sie sich a(2) zerschossen.
Bald wird ein Briefchen ins Haus flattern. Das zu beheben hat dann in erster Instanz 180 Tage Zeit, mit einer Verlängerung (Plan für den RS) weitere 180 Tage.
Somit haben sie das Delisting um 9 Monate aufgheschoben!
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