Opportunity
Federal Register #SR-NasdaqTX-2026-046
Nasdaq Texas proposes listing-rule changes to prepare for primary listing venue status
Buyer
Securities and Exchange Commission
Posted
October 02, 2026
Identifier
SR-NasdaqTX-2026-046
The SEC notice concerns proposed listing-rule changes by Nasdaq Texas, LLC, not a purchase of goods or services. - Government agency: U.S. Securities and Exchange Commission (SEC), which published the notice and is soliciting comments. - Filing entity: Nasdaq Texas, LLC proposes changes to its Rule 5000 Series to prepare to serve as a primary listing venue and align its rules with The Nasdaq Stock Market LLC (Nasdaq). - Proposed rule topics: Removing a rule that requires certain issuers to list on another exchange; delisting after certain temporary trading suspensions; listings by companies based in China, Hong Kong, and Macau; acquisition-company listing standards; and direct listings. - Notable proposed requirements: Acquisition companies would need at least $100 million in market value of listed securities. Certain listings would also be subject to additional public-float, offering, and shareholder requirements. Direct listings would generally require an independent third-party valuation and enhanced price and market-value thresholds. - Other named exchange: The New York Stock Exchange (NYSE) is referenced as a comparison for certain listing standards. - Procurement scope: No products, services, part numbers, quantities, OEMs, or vendors are requested.
Description
Nasdaq Texas, LLC proposes amendments to its Rule 5000 Series in preparation for transitioning to a primary listing venue, expected in the second quarter of 2027. The proposed changes include new and revised listing rules addressing delisting, requirements for companies based in China, acquisition company listing standards, and direct listings, as well as removing a rule requiring certain companies to list on another exchange. The amendments are effective upon filing and are expected to become operative after an announcement on Nasdaq.com. The Securities and Exchange Commission published the notice to solicit comments on the proposed rule change.