Delisting Determination,The Nasdaq Stock Market, LLC,
May 21, 2015, SIGA Technologies Inc. The Nasdaq
Stock Market, Inc. (the Exchange) has determined to remove
from listing the common stock of SIGA Technologies Inc.
(the Company), effective at the opening of the trading
session on June 1, 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 5110(b).
The Company was notified of the Staffs
determination on September 16, 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 29, 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 5110(b).
However, the Company was unable to meet the
exception milestones as required. On March 18, 2015,
the Panel issued a final delisting determination and
notified the Company that trading in the Companys
securities would be suspended on March 20, 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 May 4, 2015.