The narrative of coin stocks is coming to an end.
New cryptocurrencies looking to acquire a shell to issue stocks on Nasdaq, or Nasdaq listed companies establishing cryptocurrency funds, will need to undergo a complex review process, including disclosing detailed information about their cryptocurrency asset investments to shareholders, including investment scale, strategies, and potential risks.
In addition, Nasdaq may conduct special reviews on companies that frequently engage in cryptocurrency asset trading to ensure their actions comply with market regulations.
For US-listed companies that have already issued coin stocks, this could be a positive development.
As long as you few companies do well and do not let the coin price drop too much to be delisted by Nasdaq, in the future, Nasdaq will only have you few coin stock companies shining alone.
#ALT5Sigma is talking about you! Your 1.5 billion private placement dollars is just a blind box; the listed company has issued an announcement that fundraising has ended, but the details of how much money was invested by which private placement institutions are completely unclear.