Dear exchange experts, I just browsed NASDAQ's Initial Listing Guide. If I understand that document plus PC's remarks about going to the "best possible exchange we can" and the $5 requirement correctly (assuming 5 CAD = 4 USD), POET Technologies would not qualify for the NASDAQ Global Select Market (page 6), but would qualify for the NASDAQ Global Market (page 8) under the Market Value Standard. However, this would also require trading at a bid price of at least 4 USD for 90 consecutive days before applying for the NASDAQ listing.
Is this understanding correct? Thanks for enlightening me!