Nasdaq Gets Extra Time to Fix Rules on Sub-Penny Stock Woes
Published Date: 9/30/2025
Notice
Summary
The Nasdaq wants to change how it handles stocks that stay below 10 cents for 10 days straight. The SEC is taking extra time, until December 7, 2025, to decide if this rule change is a good idea. This affects investors and companies with low-priced stocks and could impact how those stocks stay listed or get delisted.
Analyzed Economic Effects
2 provisions identified: 0 benefits, 0 costs, 2 mixed.
Change to $0.10 Minimum Bid Rule
Nasdaq filed a proposed rule change to modify how its minimum bid price rule is applied when a security does not maintain a closing bid price greater than $0.10 for ten consecutive trading days. The filing was made on August 22, 2025 and published in the Federal Register on September 8, 2025.
SEC Extends Decision Deadline to December 7, 2025
The Securities and Exchange Commission extended the time to act on Nasdaq's proposed rule change and designated December 7, 2025 as the date by which it will approve, disapprove, or institute proceedings. The original 45-day period would have ended on October 23, 2025.
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