The Nasdaq Capital Market was formerly the Nasdaq SmallCap Market. The focus is on early-stage companies with lower market capitalization, and are not ready to take on the heavy listing requirements of certain exchanges. The Nasdaq Capital Market provides three listing standards under which a company can qualify for listing.
The company must meet all of the criteria of only one of the three listing standards. The three standards of the Nasdaq Capital Market are the Equity Standard, the Market Value of Listed Securities Standard, and the Total Assets/Total Revenue Standard.