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.
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Majesco will attempt to save itself from being delisted from the Nasdaq stock market by seeking a reverse stock split.
Majesco is being threatened, once again, with a delisting by Nasdaq. The issues is the firm’s stock has been under $1 for over 30 days. It now has 180 days to common stock prices to at the very least $1 for 10 business days in a row, or, it will be delisted. The firm was […]