; (II) securities of an emerging growth company; or (III) securities registered under section 12(b) and listed on a venture exchange (or, prior to listing on a venture exchange, listed on a national securities exchange) where— (aa) the issuer of such securities has a public float less than or equal to the value of public float required to qualify as a large accelerated filer under section 240.12b–2 of title 17, Code of Federal Regulations; or (bb) the average daily trade volume is 75,000 shares or less during a continuous 60-day period. (ii) Treatment when public float exceeds threshold Securities shall not cease to be venture securities by reason of the public float of the issuer of such securities exceeding the threshold specified in clause (i)(III)(aa) until the later of the following: (I) The end of the period of 24 consecutive months beginning on the date— (aa) the public float of such issuer exceeds $2,000,000,000; and (bb) the average daily trade volume of such securities is 100,000 shares or more during a continuous 60-day period. (II) The end of the 1-year period following the end of the 24-month period described under subclause (I), if the issuer of such securities requests such 1-year extension from a venture exchange and the venture exchange elects to provide such extension. . (b) Securities Act of 1933 Section 18 of the Securities Act of 1933 ( 15 U.S.C. 77r ) is amended— (1) by redesignating subsection (d) as subsection (e)