# Federal Register #SR-NASDAQ-2026-082

Nasdaq proposes a $4 minimum share price for initial Nasdaq Capital Market listings

**Buyer:** Securities and Exchange Commission
**Posted:** October 13, 2026
**Identifier:** SR-NASDAQ-2026-082

This SEC notice describes a Nasdaq proposal to tighten initial listing requirements for the Nasdaq Capital Market.
- **Government agency:** U.S. Securities and Exchange Commission (SEC), which published the notice and is soliciting public comments.
- **Proposing organization:** The Nasdaq Stock Market LLC.
- **Proposed requirement:** Set a minimum share price of $4 for all companies initially listing on the Nasdaq Capital Market.
  - The proposal would eliminate the Alternative Price Requirement, which currently allows some qualifying companies to list below $4.
  - Nasdaq would retain and revise Listing Rule IM-5505-2 to address companies that previously listed under the former alternative requirement, including related monitoring provisions.
- The rule change became effective upon filing, with operation intended after a 30-day transition period.
- This is a regulatory notice, not a procurement opportunity; no products, services, quantities, or part numbers are requested.

### Description

The Nasdaq Stock Market LLC proposes to amend Listing Rule 5505 to require a minimum $4 price in all instances for initial listing on the Nasdaq Capital Market. The proposal removes the Alternative Price Requirement, which currently permits certain companies to list at prices below $4 if they meet additional financial requirements. It also retains and revises Listing Rule IM-5505-2 to address companies previously listed under the former requirement. Nasdaq intends for the change to become operative 30 days after filing.

[View original listing](https://www.federalregister.gov/documents/2026/10/13/2026-20808/self-regulatory-organizations-the-nasdaq-stock-market-llc-notice-of-filing-and-immediate)