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Message: Re: Regarding the share consolidation (reverse split)

Jonny5Alive: What I was getting at was if we split to the minimum amount of shares we have to have to uplist (100,000,000) and the big guys want a large position how does that happen without more dilution?

You can find the Nasdaq requirements here: https://listingcenter.nasdaq.com/assets/initialguide.pdf. A minimum of 100,000,000 shares is not among them, in none of the three segments.

The minima are as follows:

  • Nasdaq Global Select Market: 1,250,000 shares
  • Nasdaq Global Market: 1,100,000 shares
  • Nasdaq Capital Market: 1,000,000 shares

However, there are other requirements we would also have to meet, namely income requirements.

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