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Monday, May 16, 2022

Equity Trader Alert #2022 - 45
Nasdaq – New Security Addition – Bright Green Corporation Direct Listing

Category:

  • Industry Announcement

Markets Impacted:

Contact Information:

On May 17, 2022, the common stock of Bright Green Corporation is expected to list on Nasdaq through a Direct Listing using the ticker “BGXX”.

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, BGXX 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 BGXX 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 and nobody has purchased or sold shares at that price. The opening public price will be determined based on buy and sell orders in the opening auction on Nasdaq.

Company/Issue: Bright Green Corporation Common Stock
CUSIP#: 10920G100
Symbol: BGXX
Expected Trade Date: May 17, 2022

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