Federal Register #SR-TXSE-2026-040

Texas Stock Exchange proposes corporate listing fee schedule

The Securities and Exchange Commission notice concerns a proposed listing-fee schedule from Texas Stock Exchange LLC, not a government procurement or contract award. - Government agency: U.S. Securities and Exchange Commission (SEC). - Proposing organization: Texas Stock Exchange LLC (TXSE). - Proposed fees: - Most companies: $325,000 one-time entry fee. - Acquisition companies (SPACs): $80,000 one-time entry fee. - All applicants: $25,000 initial application fee, credited toward the entry fee if the company lists. - Primary listed securities: annual fee calculated at $0.001250 per share, with a $70,000 minimum for common shares or a primary preferred class and a $15,000 minimum for other preferred classes, warrants, units, or rights; maximum of $250,000 per class. - Companies with dually listed securities: $600,000 company-wide annual fee. - Other proposed provisions include prorated fees, exemptions for certain transfers, fee credits, and limited authority to defer or waive fees. - No products, services, quantities, or part numbers are being solicited for purchase.

Description

Texas Stock Exchange LLC proposes to adopt annual fees applicable to corporate listings on the Exchange. The proposed fee schedule includes a one-time entry fee, an initial application fee, all-inclusive annual listing fees for primary listed securities, and a company-wide annual fee for dually-listed securities. It also specifies timing of assessments, transfer exemptions, fee credits, proration, and circumstances in which fees may be deferred or waived. The notice states that the proposed rule change became effective upon filing and invites comments by November 13, 2026.

View original listing