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Thursday, September 7, 2023

Equity Trader Alert #2023 - 44
Nasdaq – New Security Addition – Courtside Group, Inc. Direct Listing

Category:

  • Industry Announcement

Markets Impacted:

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On September 8, 2023, the common stock of Courtside Group, Inc. is expected to list on Nasdaq through a Direct Listing using the ticker “PODC”.

Because this security has not previously traded on any listing market and has no prior day's closing price, Regulation SHO Rule 201 will not apply to the security until its second day of trading on Nasdaq.

As a Direct Listing, PODC will be in a regulatory halt until Nasdaq opens trading pursuant to the procedures described in Rules 4120(c)(8) and (9) and 4753. Because PODC has not had recent sustained trading in a private placement market, Nasdaq is required to determine the price to use for purposes of Rule 4753(a)(3)(A)(iv)(b) and 4753(b)(2)(D)(ii). That reference price is $8.00.

Please note that the reference price is NOT an offering price no shares have traded at that price. The opening public price will be determined based on buy and sell orders in the opening auction on Nasdaq.

Company/Issue: Courtside Group, Inc. - Common Stock
CUSIP#: 22275C105
Symbol: PODC
Expected Trade Date: September 8, 2023

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