NYSE & Nasdaq Compliance Rules
This page provides articles and regulatory information about Nasdaq, NYSE, and SEC rules affecting stocks trading below $1. Coverage includes minimum bid-price requirements, cure periods, delisting procedures, reverse stock splits, relisting requirements, and changes to applicable rules and policies. Company-specific compliance news appears on the applicable stock's detail page.
The information provided is for educational purposes only and does not constitute legal, financial, or investment advice.
Direct links to the regulators and investor-education bodies that define and explain sub-$1.00 listing compliance, cure periods and stock splits. These links are maintained by Hypertime and do not depend on any news or crawling service.
Minimum price rules, cure periods and extensions
Binding exchange standards that determine when a company is deficient and how long it has to regain compliance.
- Nasdaq Rule 5800 Series — Failure to Meet Listing Standards(opens in a new tab)Binding ruleNasdaq Listing Center
The Nasdaq rulebook governing deficiency notices, the 180-day compliance period, eligibility for a second 180-day period on the Nasdaq Capital Market, and delisting determinations.
Link verified by Hypertime 2026-03-09
- Nasdaq Rule 5500 Series — Nasdaq Capital Market Listing Requirements(opens in a new tab)Binding ruleNasdaq Listing Center
Continued-listing standards for the Nasdaq Capital Market, including the $1.00 minimum bid price requirement referenced in deficiency notices.
Link verified by Hypertime 2026-03-09
- NYSE Listed Company Manual — Continued Listing Criteria(opens in a new tab)Binding ruleNew York Stock Exchange
NYSE continued-listing price criteria, including the average closing price standard and the six-month cure period, which may require shareholder approval for a reverse split.
Link verified by Hypertime 2026-03-09
- SEC Order Approving Modified Nasdaq Bid Price Compliance Periods(opens in a new tab)Regulatory filingU.S. Securities and Exchange Commission
SEC approval order (Release No. 34-101271) modifying how Nasdaq applies bid-price compliance periods when a company's compliance action, such as a reverse split, causes another deficiency.
Published 2024-10-07 · Link verified by Hypertime 2026-03-09
Reverse splits, share count and value effects
How splits change share counts and per-share prices, and how fractional shares are treated.
- Reverse Stock Splits(opens in a new tab)Investor educationInvestor.gov (SEC Office of Investor Education and Advocacy)
Explains that in a 1-for-10 reverse split every ten shares becomes one share, why companies use reverse splits, and that a split alone does not change the value of a holding apart from fractional treatment.
Link verified by Hypertime 2026-03-09
- Stock Splits(opens in a new tab)Investor educationInvestor.gov (SEC Office of Investor Education and Advocacy)
Describes forward stock splits, how share counts and per-share prices adjust proportionally, and why the total value of the position is unchanged by the split itself.
Link verified by Hypertime 2026-03-09
- Stock Splits — Investor Insights(opens in a new tab)Investor educationFINRA
FINRA's plain-language guide to how splits work, what happens to fractional shares, and what a split does and does not tell you about a company.
Link verified by Hypertime 2026-03-09
Filings, approvals and company disclosures
Where a company's own filings state proposed, authorized and finalized reverse-split ratios.
- SEC Rules and Regulations(opens in a new tab)Binding ruleU.S. Securities and Exchange Commission
Official index of SEC rules, proposed rules and self-regulatory organization rule filings, including exchange listing-standard changes.
Link verified by Hypertime 2026-03-09
- EDGAR Full-Text Search(opens in a new tab)Regulatory filingU.S. Securities and Exchange Commission
Search primary-source company filings (8-K, DEF 14A, 10-Q) for deficiency notices, shareholder-authorized reverse-split ranges and finalized ratios. An authorized range is not a finalized ratio.
Link verified by Hypertime 2026-03-09
Microcap and low-priced stock risk
General risk education for securities trading below $1.00.
- Microcap Stock Information(opens in a new tab)Investor educationInvestor.gov (SEC)
Risks specific to microcap and low-priced securities, including limited public information, thin liquidity, volatility and heightened fraud risk.
Link verified by Hypertime 2026-03-09
How to read these sources
Exchange rulebooks and SEC rules are binding. Investor.gov and FINRA pages are educational, not rules. A company's own filings state what that company intends or has done — a shareholder-authorized ratio range is not a finalized ratio. Anything written by Hypertime, including the Investment Outcome Calculator, is an explanation or arithmetic estimate and is not legal, financial or investment advice.
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Links point to the original publishers.