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Frequently Asked Questions
  What are the listing implications for a company filing for bankruptcy protection?
Identification Number 408
Listing Rules 5101, 5110(b) and IM-5101-1 provide that a company may be delisted in the event it files for bankruptcy protection or is subject to similar proceedings, or that such a filing is imminent. Nasdaq will generally issue a delisting letter following such a filing. While the company may request a review of this determination before a Nasdaq Hearings Panel, in accordance with the Rule 5800 Series, please note that such a request does not stay the suspension of the company‚Äôs securities, and any trading during the Hearings Panel review process would take place in the over-the-counter market and not on Nasdaq. See Hearings FAQs for additional information.
Publication Date*: 3/21/2023 Mailto Link Identification Number: 408
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