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Frequently Asked Questions
  What will happen if a company does not publicly disclose receipt of a notification of deficiency, public reprimand letter or delisting determination with all required information?
Identification Number 428

A company must publicly disclose the receipt of a notification of deficiency, public reprimand letter or delisting determination, including notification of an additional deficiency for a company already in the Hearings process. This disclosure must include the Rule(s) upon which the deficiency is based and describe each specific basis and concern identified by Nasdaq in reaching its determination that the company does not meet the listing standard. For example, if the Listing Qualifications Department determines to delist a company based on its discretionary authority under Rule 5101, the company must include in its public announcement the specific concerns cited in the delisting determination.  

If a company fails to make this disclosure within four business days of receipt, or the disclosure is incomplete, Nasdaq will halt trading in the company’s securities and Nasdaq may make a public announcement with the required information. Failure to make this disclosure will be an additional basis for delisting.

Publication Date*: 7/31/2012 Mailto Link Identification Number: 428
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