Delisting Determination,The Nasdaq Stock Market, LLC,
March 20, 2015, Collabrium Japan Acquisition. The Nasdaq
Stock Market, Inc. (the Exchange) has determined to remove
from listing the ordinary shares, unit and warrant of
Collabrium japan Acquisition
(the Company), effective at the opening of the trading
session on March 30, 2015. 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)(3).
The Company was notified of the Staffs
determination on August 28, 2014.  The Company appealed
the determination to a Hearing Panel.
Upon review of the information provided by the Company,
the Panel issued a decision dated November 12, 2014, granting
the Company continued listing pursuant to an exception
that included several milestones that the Company was
required to meet, towards the toal of regaining compliance
with Listing Rules 5550(a)(3), 5620(a), 5620(b), and 5250(c)(2).
However, the Company was unable to meet the
exception milestones as required. On February 2, 2015,
the Panel issued a final delisting determination and
notified the Company that trading in the Companys
securities would be suspended on February 4, 2015.
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 March 19, 2015.