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Comma comma down, doobie doo down down

My former employer, CMGI, is going to transfer to the NASDAQ SmallCap market on November 1st. The requirements for being listed on the NASDAQ SmallCap market are somewhat less rigorous than the requirements for the main NASDAQ market. It does retain the minimum share price of $1 requirement, however, which CMGI doesn’t currently meet. I would expect a reverse stock split sometime in the next 180 days.

One Comment

  1. anonymous anonymous

    I have heard that the NASDAQ $1 may be relaxed for
    companies that meet other criteria.

    I could make the argument that the NASDAQ $1 minimum doesn’t
    matter much these days, because there aren’t a lot
    of companies filing for IPOs. (For other, more
    prestigious indexes, it matters more.)


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