Nasdaq plans to tighten supervision of listed companies that buy crypto assets through share offerings to boost share prices, and some companies will need shareholder approval before they can finance their coin purchases in the future. At a time when the US SEC's direct involvement in related transactions has waned, exchanges are acting as "gatekeepers" with their own listing rules, demanding greater transparency and accountability to prevent volatility and shareholder dilution risks caused by l...
Nasdaq announced on September 3 local time that it proposed to modify the listing standards, and is submitting the proposed rules to the US Securities Supervision Commission for review. If approved, it will be implemented immediately. The revised standards include: the minimum public float market value of 15 million US dollars (currently 5 million US dollars), which is applicable to new companies listed on Nasdaq according to the net profit standard; for companies with listing defects and the ma...
According to the Wall Street Journal, Nasdaq plans to establish a second U.S. headquarters in Texas, and a regional headquarters in Dallas will open later this year.
Nasdaq plans to offer 24-hour trading on its bourse.