Delisting Determination, The Nasdaq Stock Market LLC,
December 17, 2019, Revolution Lighting Technologies, Inc.
The Nasdaq Stock Market LLC. (the Exchange) has determined
to remove from listing the common stock of Revolution Lighting
Technologies, Inc. (the Company), effective at
the opening of the trading session on December 27, 2019.
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 5250(c)(1).
The Company was notified of the Staff determination on
May 2, 2019 and of an additional determination on May 17, 2019.
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 15, 2019, granting
the Company continued listing pursuant to an exception that
included several milestones that the Company was required to
meet, towards the goal of regaining compliance with the
Exchange continued listing rules. On August 16, 2019,
Nasdaq Staff issued an additional delist determination.
On October 9, 2019, the Company withdrew its appeal
before a decision was rendered and requested that trading in
the Company securities be suspended on October 14, 2019 to give
the Company sufficient time to notify investors and other
stakeholders. The Listing Council did not call the matter for
review. The Panel Determination to delist the Company became final
on November 25, 2019.