Self-Regulatory Organizations; Nasdaq Texas, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Establish Dual Listing Fees for the Exchange
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
Nasdaq Texas proposes a one-time $10,000 entry fee and a flat $2,500 annual fee for companies that dual-list any number of securities classes on the exchange. Both fees are completely waived for any company that dual-lists on or before December 31, 2026. Companies listing during the waiver period will never pay the entry fee and will begin paying the annual fee starting January 1, 2027. The annual fee is assessed on January 1 each year and is not prorated for delistings during the year; only the first year is prorated based on the month of listing. The fees support regulatory oversight and advocacy, and are positioned as competitive with similar programs such as NYSE Texas.
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Key Changes
- One-time entry fee of $10,000 for any number of security classes dual-listed on Nasdaq Texas
- Flat annual fee of $2,500 per company regardless of number of classes listed, assessed January 1 each year
- Complete waiver of both entry and annual fees for any dual listing occurring on or before December 31, 2026
+ 3 more changes with Pro
Obligations
What this law requires
Pay a one-time entry fee of $10,000 for dual listing any number of security classes on Nasdaq Texas, unless listing occurs on or before December 31, 2026
Pay an annual fee of $2,500 on January 1st each year for maintaining dual listing status of one or more security classes on Nasdaq Texas, starting January 1, 2027
Prorate the annual $2,500 fee based on the month of listing in the first year of dual listing, then assess the full annual fee on January 1st of subsequent years
Owe the full annual $2,500 fee for the entire calendar year if listed on January 1st, regardless of whether the company delists or is removed before being billed or paying the fee
Apply dual listing fees equally to all companies dually listing on Nasdaq Texas, regardless of the number of security classes listed