Delisting Determination, The Nasdaq Stock Market, LLC, February 15, 2024,
Missfresh Limited.
The Nasdaq Stock Market LLC (the Exchange) has determined
to remove from listing the securities of Missfresh Limited,
effective at the opening of the trading session on
February 26, 2024.
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 5450(b)(1)(A) and 5250(c)(1). The Company was notified
of the Staff determination on June 6, 2023. On June 13, 2023, the
Company exercised its right to appeal the Staff determination
to the Listing Qualifications Hearings Panel (Panel) pursuant
to Rule 5815.
On August 7, 2023, upon review of the information provided
by the Company, the Panel determined to grant the Company
request to remain listed in the Exchange subject to a series
of milestones. On October 13, 2023, the Panel granted the
Company an extension to the terms of the August 7th decision.
On November 8, 2023, the Company received an additional delist
determination for its failure to meet the requirements in
Listing Rule 5550(a)(2).
Based on the Company failure to meet the terms
of the exception, on November 15, 2023, the Panel issued a
final decision denying the Company continued listing. The
Company securities were suspended on November 17, 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 January 2, 2024.