Nasdaq's $5 Million Listing Rule Gets Extended SEC Scrutiny
Published Date: 3/16/2026
Notice
Summary
The SEC is taking more time to decide on Nasdaq’s new rule that would require companies to have at least $5 million in market value to stay listed. This affects companies on Nasdaq and could impact their ability to stay on the exchange. The decision deadline is now extended to April 29, 2026, giving the SEC extra time to review the rule and comments.
Analyzed Economic Effects
2 provisions identified: 0 benefits, 1 costs, 1 mixed.
New $5M Nasdaq Listing Floor
Nasdaq proposed a rule that would require a company to have at least $5,000,000 in market value of listed securities to remain listed. This change would affect companies listed on Nasdaq and could impact their ability to stay on the exchange.
SEC Extends Review Deadline
The SEC extended the 45-day review period and set April 29, 2026 as the new date to decide on the Nasdaq proposal. The original 45th day after publication was March 15, 2026, so the SEC has extra time to consider the rule and public comments.
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Key Dates
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