Delisting Determination,The Nasdaq Stock Market, LLC,
April 28, 2015, Chart Acquisition Corp. The Nasdaq
Stock Market, Inc. (the Exchange) has determined to remove
from listing the common stock, unit, and warrant of
Chart Acquisition Corp.
(the Company), effective at the opening of the trading
session on May 8, 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 September 5, 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 October 23, 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 Rule 5550(a)(3).
However, the Company was unable to meet the
exception milestones as required. On March 2, 2015,
the Panel issued a final delisting determination and
notified the Company that trading in the Companys
securities would be suspended on March 5, 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 April 16, 2015.