SEC Approves Nasdaq Changes to Streamline Stock Listings
Published Date: 12/23/2025
Notice
Summary
Nasdaq is updating some rules about how companies get listed on its stock market. These changes mainly affect new companies trying to join Nasdaq, making the process clearer and a bit easier. The SEC approved these updates quickly, so the new rules will start soon, helping companies get listed faster without extra costs.
Analyzed Economic Effects
2 provisions identified: 0 benefits, 2 costs, 0 mixed.
Higher MVUPHS for Nasdaq Capital Market
Nasdaq raised the minimum Market Value of Unrestricted Publicly Held Shares (MVUPHS) for companies listing under the Net Income Standard on the Nasdaq Capital Market from $5,000,000 to $15,000,000. The Commission approved the change on December 18, 2025, and the change becomes operative 30 days after approval.
Higher MVUPHS for Nasdaq Global Market
Nasdaq increased the minimum MVUPHS for companies listing under the Income Standard on the Nasdaq Global Market from $8,000,000 to $15,000,000. The Commission approved the change on December 18, 2025, and the change becomes operative 30 days after approval.
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