NeoMedia Technologies, Inc (NEOM)

[Poptech]

lesn: If they just wanted "to save hundreds of thousands a year in filing fees," they would not have also filed for the termination.

However, issuers may elect to voluntarily initiate the delisting process by contacting Nasdaq or the bulletin board in writing and communicating the issuer's reasons for delisting. Neither Nasdaq nor the bulletin boards specify any substantive criteria that must be met to delist, so ordinarily a request for a voluntary delisting would be granted.

http://www.faegrebd.com/a-primer-on-public-company-de-registration

If it is considered terminated, the company would have been viewed as having completely liquidated, and both it and its shareholders would have experienced the tax consequences attendant to the situation.
...complete liquidation, “shall be treated as in full payment in exchange for the stock.”

http://ww2.cfo.com/accounting-tax/2008/02/liquidation-vs-dissolution/