Nasdaq’s listing overhaul could raise the bar for shell companies, crypto treasuries — TradingView News
Nasdaq’s newly proposed listing rules may give established digital asset treasury firms an edge, while raising new barriers for smaller players looking to incorporate cryptocurrencies into their balance sheets.
The changes, announced Wednesday, include lifting the minimum public float to $15 million and fast-tracking delistings for companies that fall out of compliance.
According to Brandon Ferrick, general counsel at Web3 infrastructure company Douro Labs, the proposed changes are unlikely to hurt well-managed digital asset treasury firms. Instead, they give stronger players a trading premium.
“You can expect the best names to trade at a premium because the weaker performing firms will be washed out. This effectively puts an mNAV…
