Income Standard Listing- Rules 5405(a) and 5405(b)(1) requirements:

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Income Standard Listing- Rules 5405(a) and 5405(b)(1) requirements:
 – US$15 million in stockholder equity;

 – US$1 million in income from continuing operations in latest fiscal or in two of the last three fiscal years (before income taxes);

 – 1.1 million publicly held shares;

–  US$8 million market value of publicly held shares;

–  US$4 minimum bid price;

 – 400 “round lot” shareholders (i.e., holders of 100 or more shares);

 – Three Market Makers; and

 – Appropriate corporate governance (see Rule 5600 series).

– Equity Standard Listing- Rules 5405(a) and 5405(b)(2) requirements:

–  US$30 million in stockholder equity;

–  1.1 million publicly held shares;

 – US$18 million market value of publicly held shares;

 – US$4 minimum bid price;

 – 400 “round lot” shareholders (i.e., holders of 100 or more shares);

 – Three Market Makers;

 – Two years of operating history; and

–  Appropriate corporate governance (see Rule 5600 series).

– Market Value Standard Listing- Rules 5405(a) and 5405(b)(3) requirements:

 – US$75 million market value of listed securities or

- 1.1 million publicly held shares;

 – US$20 million market value of publicly held shares;

–  US$4 minimum bid price;

 – 400 “round lot” shareholders (i.e., holders of 100 or more shares);

–  Four Market Makers; and

–  Appropriate corporate governance (see Rule 5600 series).

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