# Debuto Journal

> Debuto Journal is an independent publication covering Exchange listings, IPOs & going public. Focus: Exchange news and listing-standards changes. Published by Independent Journal; sponsored by Adamson Brothers Corp. (see the About page). Articles are drafted from primary sources with AI assistance and reviewed under our editorial policy. Not investment advice.

## Usage
- AI crawlers and assistants may read and index this site.
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- News articles are time-sensitive; check the publication date. Guides are evergreen and updated over time.

## Sections
- [Latest news](https://debutojournal.com/): newest articles first
- [Guides](https://debutojournal.com/guides/): evergreen explainers
- [Topics](https://debutojournal.com/topics/): topic index
- [Writers](https://debutojournal.com/authors/): bylines and beats
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## Guides
- [Nasdaq Initial Listing Requirements Explained, Tier by Tier](https://debutojournal.com/nasdaq-initial-listing-requirements-explained/): Nasdaq initial listing requirements for the Capital, Global and Global Select Markets: equity, float, holders, price, market makers, governance and fees.
- [Nasdaq vs. NYSE: Advantages of Listing on Each Exchange](https://debutojournal.com/nasdaq-vs-nyse-advantages-of-listing/): Nasdaq vs NYSE compared for issuers: entry standards, market structure, governance rules, fees and process, so a company can judge which exchange listing fits.
- [Stock Exchange Direct Listing Rules at Nasdaq and the NYSE](https://debutojournal.com/stock-exchange-direct-listing-rules-explained/): How a stock exchange direct listing works, and what Nasdaq and the NYSE require: valuations, price and float tests, opening auctions and SEC registration.
- [The Listing Process: From Application to First Trade](https://debutojournal.com/listing-process-from-application-to-first-trade/): A step-by-step guide to the exchange listing process: eligibility review, application, staff review, SEC registration, approval and the first day of trading.
- [NYSE Listing Standards Explained for Domestic Companies](https://debutojournal.com/nyse-listing-standards-explained/): NYSE listing standards explained: the distribution, market value, price and financial tests in Section 102.01 of the Listed Company Manual, plus governance.

## Recent articles
- [Hyperscale Data Plans $33.5M Tokenized Preferred Offering on NYSE American](https://debutojournal.com/nyse-american-hyperscale-data-tokenized-preferred/) (2026-10-14): Hyperscale Data, an NYSE American-listed AI data center company, plans up to $33.5 million in tokenized Series D preferred stock via blockchain RWA platforms.
- [Tokenized Treasury Fund Deal Sits Outside Exchange Listing Rules](https://debutojournal.com/tokenized-treasury-fund-exchange-listing-rules/) (2026-10-13): Ironlight Markets, a FINRA-member broker-dealer, has announced an agreement with FundBridge Capital tied to an on-chain ultra short Treasury fund. Here is what is known.
- [FuelCell Energy Suit Shows the Stakes of a NASDAQ Listing](https://debutojournal.com/fuelcell-energy-lawsuit-nasdaq-listing-stakes/) (2026-10-07): A Rosen Law Firm notice on FuelCell Energy (NASDAQ: FCEL) shows how a NASDAQ listing exposes issuers to investor litigation. Key dates and what to watch next.
- [Exchange Listing Rules: Reading Past Newswire 'Market News' Noise](https://debutojournal.com/exchange-listing-rules-newswire-noise/) (2026-10-06): Two October 6 releases sat in 'stock market news' feeds yet say nothing about exchanges. Here is how to separate real listing signals from newswire noise.
- [Freshworks Joins S&P SmallCap 600 After Its NASDAQ Listing](https://debutojournal.com/freshworks-sp-smallcap-600-nasdaq-listing/) (2026-10-05): Freshworks (NASD: FRSH) will replace BioLife Solutions in the S&P SmallCap 600 on Oct. 8, as Repligen acquires BioLife. Here is what changes and what to watch.
- [Gravitics Merger Amendment Puts a Nasdaq Listing on the Table](https://debutojournal.com/gravitics-merger-amendment-nasdaq-listing-on-the-table/) (2026-10-02): Non-Invasive Monitoring Systems amended its Gravitics merger a third time, targeting an Oct. 30 closing, a $125 million offering and an exchange uplisting.
- [GSTX Moves to OTCQB, Naming a Nasdaq Initial Listing as the Goal](https://debutojournal.com/gstx-otcqb-uplisting-nasdaq-initial-listing-goal/) (2026-09-17): Graphene & Solar Technologies began trading on the OTCQB on Sept. 15 and calls it a step toward a possible Nasdaq listing, with a $40 million note offering.
- [Stewards Wins Nasdaq Capital Market Approval, Trading Sept. 10](https://debutojournal.com/stewards-nasdaq-capital-market-approval/) (2026-09-09): Stewards, Inc. says Nasdaq approved its listing on the Nasdaq Capital Market, with trading to start Sept. 10 under SWRD and no concurrent public offering.
- [Nasdaq Initial Listing Path Outlined on RMTG Investor Call](https://debutojournal.com/rmtg-nasdaq-initial-listing-path-investor-call/) (2026-08-25): Regenerative Medical Technology Group told investors the road to Nasdaq runs through equity, price and float tests and declined to promise a timeline.
- [NYSE Listing Standards Change Would Give New Listings 5 Audit Years](https://debutojournal.com/nyse-listing-standards-internal-audit-transition/) (2026-08-13): NYSE's SR-NYSE-2026-37, noticed Aug. 13, 2026, would stretch the internal audit transition for newly listed companies from one year to five under 303A.07.
- [First Northern Credits Nasdaq Listing for Higher Trading Volume](https://debutojournal.com/first-northern-nasdaq-listing-russell-3000/) (2026-07-30): First Northern Community Bancorp says its April 24 Nasdaq Capital Market move and Russell 3000 addition lifted liquidity, though Q2 net income fell to $4.7M.
- [ConnectM Rebuilds Its Equity With Exchange Listing Rules in View](https://debutojournal.com/connectm-exchange-listing-rules-equity-rebuild/) (2026-07-27): ConnectM's July 2026 investor deck shows equity swinging from a $23.8 million deficit to $22.1 million pro forma as it eyes a national exchange uplisting.
- [SEC Approves $5 Million Floor in Nasdaq Listing Requirements](https://debutojournal.com/nasdaq-listing-requirements-5-million-mvls/) (2026-07-22): On July 22, 2026, the SEC approved Nasdaq's $5 million market value continued listing rule, with delisting after 30 business days below the threshold.
- [New Exchange Listing Rules Let Nasdaq Delist on Manipulation Signals](https://debutojournal.com/exchange-listing-rules-nasdaq-manipulation-delisting/) (2026-06-03): On June 3, 2026, the SEC approved Nasdaq IM-5101-4, letting the exchange delist securities tied to manipulation and SEC trading suspensions, case by case.
- [SEC Approves Tougher Nasdaq Listing Requirements for China-Based Firms](https://debutojournal.com/nasdaq-listing-requirements-china-based-companies/) (2026-05-14): The SEC approved Nasdaq Rule 5210(l) on May 14, 2026, setting a $25 million floor for China-based IPOs and limiting their direct listings to Global Select.
- [Nasdaq Initial Listing Bar Rises for SPACs Under April Rule Filing](https://debutojournal.com/nasdaq-initial-listing-spac-standards-raised/) (2026-04-22): Nasdaq's SR-NASDAQ-2026-033 raised initial listing thresholds for SPACs on its Global and Capital Markets, citing warrant accounting and parity with NYSE.

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## Contact
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