Delisting Determination,The Nasdaq Stock Market, LLC,
June 6, 2018, TMSR Holding Company Limited. The Nasdaq
Stock Market, Inc. (the Exchange) has determined to remove
from listing the warrant of TMSR Holding Company Limited
(the Company), effective at the opening of the trading
session on June 18, 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 5550(a)(3) and 5620(a). The Company
was notified
of the Staffs determination on March 12, 2018.
The Company appealed the determination
to a Hearing Panel. Upon review of the information provided
by the Company, the Panel issued a decision dated
May 2, 2018, 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)
and 5620(a).
Also on May 2, 2018, the Panel issued a decision
determination for the warrant and notified the
Company that trading in the Companys
warrant would be suspended on May 4, 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 May 4, 2018.