Jamba, Inc. (NASDAQ:JMBA) Files An 8-K Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

Item 3.01. Notice of Delisting or Failure to Satisfy a Continued
Listing Rule or Standard; Transfer of Listing.

On May 16, 2017, as anticipated, Jamba, Inc. (the Company)
received a letter from The Nasdaq Stock Market LLC (Nasdaq)
indicating that the Company is not in compliance with the filing
requirements for continued listing under Nasdaq Listing Rule
5250(c)(1) as a result of the Companys delay in filing its
Quarterly Report on Form 10-Q for the fiscal quarter ended April
4, 2017 and because the Company remains delinquent in filing its
Annual Report on Form 10-K for the year ended January 3, 2017.

As described in the letter, the Company has until May 22, 2017 to
submit to Nasdaq a plan to regain compliance with the Nasdaq
Listing Rules. If Nasdaq accepts the Companys plan, then Nasdaq
may grant the Company up to 180 days from the prescribed due date
for filing the Form 10-K, or September 18, 2017, to regain
compliance. If Nasdaq does not accept the Companys plan, then the
Company will have the opportunity to appeal that decision to a
Nasdaq Hearings Panel.

The Company plans to submit the required plan to regain
compliance by May 22, 2017 and to file its Form 10-K and Form
10-Q as soon as practicable.The Company anticipates that it will
fully regain compliance with the Nasdaq continued listing
requirements upon such filing of its Form 10-K and Form 10-Q.

The Company issued a press release on May 19, 2017 disclosing the
Companys receipt of the Nasdaq notification letter. A copy of the
press release is attached as Exhibit 99.1 hereto.

About Jamba, Inc. (NASDAQ:JMBA)

Jamba, Inc. is a restaurant retailer of specialty food and beverage offerings. The Company operates through retail segment. The Company’s offerings include whole fruit smoothies, squeezed juices and juice blends, Energy Bowls, and a range of food items including, hot oatmeal, breakfast wraps, sandwiches, Artisan Flatbreads, baked goods and snacks. The Company, through its subsidiary, Jamba Juice Company, operates a lifestyle brand. The Company has a global business driven by a portfolio of franchised and company-owned Jamba Juice stores, and licensed JambaGO and Jamba Juice Express formats. The Company has approximately 890 Jamba Juice stores globally, consisting of over 70 company-owned and operated stores, all located in the United States (Company Stores), approximately 740 franchisee-owned and operated stores (Franchise Stores) in the United States, and over 70 Franchise Stores in international locations (International Stores), collectively the (Jamba System).

Jamba, Inc. (NASDAQ:JMBA) Recent Trading Information

Jamba, Inc. (NASDAQ:JMBA) closed its last trading session up +0.01 at 7.26 with 382,718 shares trading hands.