Delisting Determination, The Nasdaq Stock Market, LLC,
June 2, 2020, Akazoo S.A. The Nasdaq Stock Market, LLC
(the Exchange) has determined to remove from listing the
ordinary shares and warrant of Akazoo S.A. (the Company),
effective at the opening of the trading session on June
12, 2020. 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
Rules 5101 and 5250(c)(1).
The Company was notified of the Staff determination on
May 15, 2020. The Company did not appeal the Staff
determination to the Hearings Panel. The Listing Council
did not call the matter for review. The Staff determination
to delist the Company ordinary shares and warrant became
final on April 27, 2020.