Nasdaq Inc has applied with the U.S. Securities and Exchange Commission to offer temporary relief to companies listed on its exchange with stock prices and market values that have fallen below required minimums due to disruptions during the coronavirus crisis.
Under the proposal, the minimum requirement rules will be suspended until the end of June so companies can focus on running their businesses rather than trying to satisfy Nasdaq's listing requirements, according to a regulatory filing on Thursday. Investors will still be able to see which companies have fallen below the standards on Nasdaq's website.
For instance, many communities have ordered all restaurants and entertainment facilities to close for an indefinite period, and travel industry bookings have collapsed.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nasdaq proposes easing listing rules during coronavirus crisis[NEW YORK] Nasdaq Inc has applied with the US Securities and Exchange Commission (SEC) to offer temporary relief to companies listed on its exchange with stock prices and market values that have fallen below required minimums due to disruptions during the coronavirus crisis. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
NYSE and Nasdaq challenger MEMX delays launch due to coronavirus crisisThe Members Exchange (MEMX), a new bourse backed by major Wall Street firms looking to take on the New York Stock Exchange and Nasdaq Inc through ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Nasdaq gains, but earnings, coronavirus worries weigh on marketThe S&P 500 and Dow Jones slipped on Thursday, giving up early gains as concerns about rough first-quarter earnings and lasting economic damage ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Nasdaq proposes easing listing rules during coronavirus crisis[NEW YORK] Nasdaq Inc has applied with the US Securities and Exchange Commission (SEC) to offer temporary relief to companies listed on its exchange with stock prices and market values that have fallen below required minimums due to disruptions during the coronavirus crisis. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
NYSE and Nasdaq challenger MEMX delays launch due to coronavirus crisisThe Members Exchange (MEMX), a new bourse backed by major Wall Street firms looking to take on the New York Stock Exchange and Nasdaq Inc through ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Coronavirus: US House Democrats back changing rules to allow remote voting during pandemicWASHINGTON (NYTIMES) - Speaker Nancy Pelosi on Thursday (April 16) threw her support behind a plan to allow House members to cast votes by proxy, conceding for the first time that the coronavirus pandemic that has forced Congress into an extended recess would require historic modifications to how the institution has operated for centuries.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »