Delisting Determination,The Nasdaq Stock Market, LLC,
September 6, 2007, Tripos, Inc. The Nasdaq Stock Market, LLC
(the Exchange) has determined to remove from listing
the common stock of Tripos, Inc. (the Company),
effective at the opening of business on September 17,
2007. 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
as it failed to comply with the following Marketplace
Rules: 4310(c)(14) and 4450(a)(03). The Company was
also deemed to be a public shell, thereby raising
public interest concerns pursuant to Marketplace Rule
4300(a)(03). The Company was notified of Staffs
determinations on August 17, 2006, on May 18, 2007
and on June 15, 2007. 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: 4450(a)(03) and
4300(a)(03). The Company was notified of the Panels
decision on July 3, 2007 and trading in the Companys
securities was suspended on July 6,2007. 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 August 17, 2007.