Today, the Small Public Company Coalition (SPCC) submitted comments and analysis for Nasdaq’s proposal to adopt a new continued listing requirement mandating a minimum $5 million market value of listed securities and to immediately delist any company that falls below that threshold for 30 consecutive business days. The SPCC does not oppose efforts to deter fraud, reduce manipulation, or strengthen market integrity, however this approach may impose meaningful costs on investors, issuers, and the capital-formation process without a corresponding evidentiary basis demonstrating offsetting benefits.

SPCC Letter to SEC re NASDAQ Rule