Delisting Determination,The Nasdaq Stock Market, LLC,
July 10, 2009, Spansion Inc. The Nasdaq Stock
Market, Inc. (the Exchange) has determined to remove from
listing the common stock of Spansion Inc.
(the Company), effective at the opening of the
trading session on July 20, 2009. 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 Listing Rules
5100, 5110(b), IM-5100-1, 5250(c)(1) and 5500. The Company
was notified of the Staffs determinations on March 4, 2009,
March 16, 2009, and April 16, 2009. 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
Listing Rules: 5100, 5110(b) IM-5100-1, 5250(c)(1) and 5500.
The Company was notified of the Panels decision on May 5, 2009
and trading in the Companys securities was suspended on
May 7, 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 June 19, 2009.