Delisting Determination, The Nasdaq Stock Market, LLC,
February 2, 2021,  Pareteum Corporation. The Nasdaq
Stock Market LLC (the Exchange) has determined to remove
from listing the common stock of Pareteum Corporation,
effective at the opening of the trading session on February
12, 2021. The Company first appeared before the Hearings
Panel (the Panel) on June 18, 2020 for failing to maintain
compliance with Listing Rule 5250(c)(1).
In a decision dated July 6, 2020, the Panel determined to
continue the Company listing October 30, 2020, subject to
a number of milestones.
On August 12 and August 14, 2020, Nasdaq Staff issued additional
delist determination letters, respectively, pursuant to Nasdaq
Listing Rules 5250(c)(1) and 5550(a)(2). On August 26, 2020,
the Panel revised its decision to include a deadline for the
Company to regain compliance with Listing Rule 5550(a)(2).
Additionally, on October 14, 2020, the Panel granted the Company
request to file its delinquent periodic reports with the SEC on
or before November 9, 2020. On November 5, 2020, the Company
informed the Panel that despite its best efforts, it would be
unable to submit the aforementioned delinquent filings by the
November 9th deadline.
On November 10, 2020, the Hearings Panel issued a final decision
denying the Company continued listing and notified the Company
that trading in the Company securities would be suspended on
November 12, 2020. The Listing Council did not call the matter
for review and the Company did not appeal the Hearings Panel
decision to the Listing Council. The Staff determination to
delist the Company became final on December 28, 2020.