The Venture Alley - A blog about business and legal issues important to entrepreneurs, startups, venture capitalists and angel investors.

As we previously blogged, in June 2012 the SEC adopted final rules directing national securities exchanges to establish listing standards relating to compensation committees.  The NYSE and Nasdaq have now done so. Our colleagues Christopher C. Paci, Jason C. Harmon, Joe C. Sorenson, and Christopher B. Edwards have prepared the following summary of these new listing rules.  ... More

CONTRIBUTED BYAndrew Ledbetterandrew.ledbetter@dlapiper.com As a quick follow up on this topic from a few months ago (prior post can be read here), the SEC has approved alternatives to Nasdaq's historical $4 minimum bid price listing standard.  Under the new alternative listing standards, a security may qualify for listing on the Nasdaq Capital Market if:  $3/share price -- for at least five consecutive business days prior to approval, the security has a minimum closing price of at least $3 per share and the issuer has either: Equity Standard:  (A) stockholders’ equity of at least $5M; (B) market value of publicly held shares of at... More

CONTRIBUTED BYAndrew Ledbetterandrew.ledbetter@dlapiper.com This week Nasdaq filed a proposed rule change with the SEC to adopt an alternative to the $4 initial listing bid price requirement.  As proposed, a company would be able to list with a:... More