PTG Responds to Nasdaq's Continued Listing Requirement Proposal

May 29, 2026

In a letter filed today with the Securities and Exchange Commission, PTG expresses support for Nasdaq’s proposed rule change establishing a new continued listing requirement for companies whose market capitalization falls below $5 million. PTG agrees with Nasdaq’s view that such low valuations generally reflect more than temporary challenges and make continued listing on a national securities exchange inappropriate.

PTG contends that the proposed quicker delisting of severely undercapitalized companies is appropriately tailored, consistent with standards already used in other Nasdaq markets, and important for maintaining fair and orderly trading conditions for all market participants.