Delisting Determination,The Nasdaq Stock Market, LLC,
June 18, 2008, M-Wave, Inc. The Nasdaq Stock Market,
Inc. (the Exchange) has determined to remove from
listing the common stock of M-Wave, Inc. (the
Company), effective at the opening of the
trading session on June 30, 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
4310(c)(2).  The Company was notified of the Staffs
determination on November 15, 2007.  Based on a review
of the information provided by the Company, Nasdaq
Staff also determined that the Company no longer qualified
for listing on the Exchange pursuant to Marketplace Rules
4350(e) and 4350 (g). The Company was notified of the
Staffs determinations on January 7, 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
determined that the Company did not qualify for
inclusion on the Exchange based on its failure to
comply with the following Marketplace Rules: 4310(c)(3).
The Company was notified of the Panels
decision on April 1, 2008 and trading in the Companys
securities was suspended on April 3, 2008. 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 May 16, 2008.