2 ms·
Isn't there a limit on the public markets where if a company has less than a certain percentage of its ownership traded publicly then it is no longer a public c
by daemin 4mo ago
Isn't there a limit on the public markets where if a company has less than a certain percentage of its ownership traded publicly then it is no longer a public company and therefore de-listed?
I remember hearing about a guy trying to squeeze out short sellers of his own company but ended up effectively taking his company private because he bought out like 95% of all the shares.
I wonder how that aligns to these small releases of stock for the public.
- extraextra 4mo agoThere is no legal minimum free float requirement before deregistration in US, however, different exchanges have different rules Essentially, a stock has to stay above 1$ per share, have a minimum market cap of $15m, minimum 400 shareholders and "adequate" liquidity If it meets those 4 criteria, it's essentially not at risk of deregistration