On July 29, 2026, the SEC’s Office of the Secretary sent a letter to NASDAQ, notifying the exchange that the order previously issued on July 22, 2026 by the SEC’s Division of Trading and Markets under delegated authority (which, among other things, approved NASDAQ’s new continued listing requirement for companies to maintain at least $5 million in Market Value of Listed Securities) was stayed, due to the SEC receiving notices of intention to petition the commission for review of the delegated action.
The full implications and ultimate outcome of these developments remain uncertain. SRFC is continuing to monitor developments as they unfold.
For more information, please call or e-mail your SRFC attorney.