Delisting Determination,The Nasdaq Stock Market, LLC,
November 24, 2010, Digital Angel Corporation. The Nasdaq Stock
Market, Inc. (the Exchange) has determined to remove
from listing the common stock of Digital Angel Corporation
(the Company), effective at the opening of the trading
session on December 6, 2010. 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 5550(a)(2). The Company was
notified of the Staffs determination on June 9, 2010.
The Company appealed the determination to a Hearing Panel.
Upon review of the information provided by the Company,
the Panel issed a decision dated July 28, 2010, granting
the Company continued listing pursuant to an exception
through December 6, 2010, by which date the Company was
required to regain compliance with Listing Rule
5550(a)(2). However, the Company did not
regain compliance by that date. On October 1, 2010,
the Panel notified the Company that trading in the Companys
securities would be suspended on October 5, 2010.
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 November 15, 2010.