Delisting Determination, The Nasdaq Stock Market, LLC, April 12, 2023,
SRAX, Inc.
The Nasdaq Stock Market LLC (the Exchange) has determined to remove
from listing the ordinary shares of SRAX, Inc.,
effective at the opening of the trading session on May 12, 2023.
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 October 14, 2022.
On October 21, 2022, the Company exercised its right to appeal
the Staff determination to the Hearings Panel (Panel) pursuant to
Rule 5815. The Company received an additional delist determination
letter on November 16, 2022. A hearing was held on December 1, 2022.
On December 16, 2022, upon review of the information provided by the
Company, the Panel granted the Company request to remain listed in
the Exchange subject to a series of milestones that the Company was
required to meet.  On March 7, 2023, in light of the Company failure
to meet the terms of its December 2022 decision, the Panel determined
to delist the Company securities. The Company securities were suspended
on March 9, 2023. The Company did not appeal the Panel decision
to the Nasdaq Listing and Hearing Review Council (Council) and the
Council did not call the matter for review. The Staff determination to
delist the Company became final on April 21, 2023.