Majesco given a 180 day grace period to avoid delisting by Nasdaq

Friday, 30 August 2013 21:17 GMT By Stephany Nunneley

Majesco Entertainment has been given a 180 day grace period to bring its share price up in order to avoid being delisted by Nasdaq. The grace period ends on February 24, 2014, so hopefully the firm can raise its share price to at least $1 for 10 days in order to remain listed. The firm was threatened with delisting in March, after its stock dropped below the $1 minimum on January 14. The original deadline was set on August 28, and was the third time Majesco was faced with a possible delisting. Thanks, GI International.