Aug. 2 at 10:56 AM
$NIXX The U.S. Securities and Exchange Commission (SEC) temporarily paused a new Nasdaq rule targeting microcap stocks, meaning a
$100 million threshold does not exist for immediate delisting. Instead, the approved-but-stayed rule focuses on a strict
$5 million Market Value of Listed Securities (MVLS) floor.Rule Details and StatusThe
$5 Million Floor: Nasdaq adopted a rule requiring companies to maintain at least
$5 million in total market value for 30 consecutive business days.The SEC Pause: Following pushback and petitions from small businesses, the U.S. Securities and Exchange Commission issued a temporary stay halting Nasdaq's implementation of this rule until the commission reviews the case further.No Grace Period (If Enacted): If the stay is lifted, companies falling below the
$5 million mark for 30 straight days will face immediate suspension without the traditional 180-day cure period.Standard Nasdaq RequirementsPublicly Held Shares:
