EX-99.25 2 modtdelistreason.txt Delisting Determination,The Nasdaq Stock Market, LLC, August 7, 2008, Modtech Holdings Inc. The Nasdaq Stock Market LLC (the Exchange) has determined to remove from listing the common stock of Modtech Holdings Inc. (the Company), effective at the opening of the trading session on August 18, 2008. Based on a review of the information provided by the Company, Nasdaq Staff determined that the Company no longer qualified for listing on the Exchange pursuant to Marketplace Rule 4450(a)(5). The Company was notified of the Staffs determination on July 15, 2008. The Company did not appeal the Staff determination to the Hearings Panel, and the Staff determination to delist the Company became final on July 24, 2008.