Netcapital says SEC stay halts Nasdaq $5 million market-value delisting rule pending review - NCPL News | RalliesNetcapital says SEC stay halts Nasdaq $5 million market-value delisting rule pending review
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NCPL• SEC stay pauses new Nasdaq delisting trigger
- SEC stay has halted a new Nasdaq delisting trigger tied to market value of listed securities below USD 5 million.
- Rule, cleared by SEC staff on July 22, would have forced suspension and delisting after 30 straight business days below the threshold.
- Stay took effect July 29 under SEC Rule 431(e) following notices of intent to seek Commission review of the delegated action.
- Nasdaq’s MVLS requirement remains inactive unless the full Commission lifts the stay or otherwise acts on the rule.
- Netcapital remains subject to other Nasdaq continued listing standards while the SEC review proceeds.
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