Delisting Determination,The Nasdaq Stock Market, LLC,
February 27, 2018, NextDecade Corporation. The Nasdaq
Stock Market, Inc. (the Exchange) has determined to remove
from listing the warrant of NextDecade Corporation
(the Company), effective at the opening of the trading
session on March 9, 2018. 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 IM-5101-2. The Company was notified
of the Staffs determination on September 7, 2017.
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 3, 2017, 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
IM-5101-2. The Company met the exception milestones
for its common stock, however, the Company was
unable to meet the exception milestones for the warrant.
On February 20, 2018, the Panel issued a final compliance
determination for the common stock and notified the
Company that trading in the Companys
warrant would be suspended on February 22, 2018.
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 Companys warrant
became final on February 22, 2018.