Nasdaq Plans Mandatory Delisting for Companies With Market Capitalization Under $5 Million; Local Small Businesses Protest Over Being "Unintentionally Affected"

On October 15, according to Bloomberg, Nasdaq is moving forward with mandatory delisting of companies whose market capitalization has remained below $5 million for 30 consecutive days, a move aimed at cracking down on fraudulent trading in low-priced stocks primarily involving overseas companies. However, some local small businesses believe they are being wrongly targeted and are actively seeking to protest and push back.