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.
If you have any questions regarding this client alert, please call or e-mail your SRFC attorney.
DISCLAIMER: This communication, which we believe may be of interest to our clients and friends of the firm, is for general information only. It is not a full analysis of the matters presented and should not be relied upon as legal advice. This may be considered attorney advertising in some jurisdictions. Prior results do not guarantee a similar outcome.