Extract to table

01A of the Manual establishes the following distribution standards for initial listing, each of which must be satisfied: Round-Lot Holders

The aggregate adjusted cash flow for the three most recent fiscal years must be at least $25,000,000, with each fiscal year reflecting positive adjusted cash flow

00 for newly listed companies provides that CBR must have a majority of independent directors within one year of the listing date

The audit committee must be composed of at least three members, all of whom must be independent directors

Additionally, at least one member must have accounting or related financial management expertise

The charter must, at a minimum, provide the committee with the authority to retain and terminate any compensation consultant, independent legal counsel, or other adviser, and must require the committee to assess the independence of any compensation adviser before engaging the adviser