# 2026-12765: Nasdaq Proposes Five-Million-Dollar Listing Threshold

2026-12765, Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing of Proposed Rule Change, as Modified by Amendment No. 1, To Adopt a New Continued Listing Requirement, is a Federal Register notice from Securities and Exchange Commission published 2026-06-25, effective 2026-06-22; PRIA reads it as touching household money (as of 2026-07-02).

- Canonical: https://policyrisk.com/federal-register/2026-12765
- As of: 2026-07-02
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2026-12765
- Title: Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing of Proposed Rule Change, as Modified by Amendment No. 1, To Adopt a New Continued Listing Requirement
- Type: Notice
- Agencies: Securities and Exchange Commission
- Citation: 91 FR 38460
- Published: 2026-06-25
- Effective: 2026-06-22
- Comments close: not stated
- Significant: no
- Touches household money: yes
- Regulation identifier numbers: none
- Last updated: 2026-07-02

## In one line

Nasdaq Proposes Five-Million-Dollar Listing Threshold

## Summary

Nasdaq wants to make sure companies listed on its exchange have at least $5 million in market value to keep their spot. This new rule helps keep the market strong and fair for investors. Companies will need to meet this rule soon, or they risk being delisted, which could impact their value and trading.

## Effects PRIA read

- New $5M Minimum Market Value: cost, medium. If you run a company listed on the Nasdaq Global Market (including Global Select) or the Nasdaq Capital Market, your company must maintain a Market Value of Listed Securities (MVLS) of at least $5,000,000 to remain listed. Nasdaq proposes adopting Listing Rules 5450(a)(3) and 5550(a)(6) to require…
- Immediate Suspension After 30 Days Below $5M: cost, high. If a Nasdaq-listed company's MVLS stays under $5,000,000 for 30 consecutive business days, Nasdaq staff will issue a delisting notice and the company's securities will be immediately suspended and subject to delisting. Nasdaq proposes modifying Rule 5810 so that companies failing the $5 million MVL…
- Limited Appeal Rights; 180-Day Exception Option: mixed, medium. If a company is issued a Staff Delisting Determination for failing the $5,000,000 MVLS test, a request for a hearing generally will not stay the suspension from trading and the securities will typically trade in the over-the-counter (OTC) market while the appeal is pending. The Hearings Panel may r…

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## Sources
- [2026-12765 on federalregister.gov](https://www.federalregister.gov/documents/2026/06/25/2026-12765/self-regulatory-organizations-the-nasdaq-stock-market-llc-notice-of-filing-of-proposed-rule-change)
- [2026-12765 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2026-06-25/pdf/2026-12765.pdf)

## Related
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- [Next: 2026-12768, Notice of Receipt of Complaint; Solicitation of Comments Relating to the Public…](https://policyrisk.com/federal-register/2026-12768)
- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2026-12765 (as of 2026-07-02).