Nasdaq Approves Rule Change for Foreign Issuers Listing on SmallCap Market

Summary

The National Association of Securities Dealers, Inc. has granted approval to a proposed rule change that modifies bid price compliance periods on the Nasdaq National Market and SmallCap Market. The rule also requires non-Canadian foreign issuers to meet the same bid price and market value requirements as domestic issuers for continued listing on the SmallCap Market.