Rexryan that is an excellent question and should be reviewed in the context of this 44-101 application.
NASDAQ Global Market
To qualify under the Equity Standard POET requires $30 million in Equity and requires a bid price of $4.
Listing Timeline
While it generally takes four to six weeks to process a listing application, this time frame is variable and may be shortened considerably, if the application raises no issues and the company responds quickly to Staff comments.
Week 1. Company submits application for listing and Nasdaq Listing Qualifications Staff begins its review.
Weeks 2-3. Staff completes its preliminary review and prepares comment letter.
Weeks 3-4. Company addresses any issues raised by Staff.
Weeks 5-6. Staff completes their review and company is approved for listing
https://listingcenter.nasdaq.com/assets/initialguide.pdf
