Delisting Determination,The Nasdaq Stock Market, LLC,
August 5, 2009, Power Medical Interventions, Inc. The Nasdaq Stock
Market, Inc. (the Exchange) has determined to remove from
listing the common stock of Power Medical Interventions, Inc.
(the Company), effective at the opening of the
trading session on August 17, 2009. Based on review of
information provided by the Company, Nasdaq Staff
determined that the Company no longer qualified for
listing on the Exchange pursuant to Listing Rule
5450(b)(2)(A). The Company was notified of the Staffs
determination on November 21, 2008. The Company
requested a review of the Staffs determination before the
Listing Qualifications Hearings Panel. Upon review of the
information provided by the Company, the Panel issed a decision
dated March 23, 2009, transferring the Company to
the Capital Market and granting the Company continued
listing pursuant to an exception through May 20, 2009, by which
time it was required to meet all Capital Market listing standards.
On May 18, 2009, the Panel notified the Company that its
shares would be suspended on May 22, 2009, due to the
Company's failure to comply with Listing Rule 5550(b)(1).
Trading in the Companys securities was suspended on
May 22, 2009. The Company did not request a review
of the Panels decision by the Nasdaq Listing and Hearing
Review Council. The Listing Council did not call the
matter for review. The Panels Determination to delist
the Company became final on July 2, 2009.