What types of decisions might the Panel make?
If the Panel determines that the company has presented a definitive plan that will likely enable it to achieve and sustain long-term compliance, it may grant the company a conditional listing, known as an exception. Exceptions are of limited duration and often incorporate milestones measuring the company’s progress in regaining compliance. A Panel has discretion to grant an exception not to exceed 180 days from the date of the Staff delisting notification. If the Panel does not grant an exception, and the company has not regained compliance, then the company will be notified in writing that the Panel has determined to delist the company’s securities, or that its securities will be transferred to The NASDAQ Capital Market. When a Panel issues a delisting decision, the company’s securities will be suspended from trading on The NASDAQ Stock Market, effective on the second business day after the decision is issued. The formal removal of the company’s listing on The NASDAQ Stock Market will
