Atari threatened with NASDAQ delisting again

via Games Industry


The NASDAQ Stock Market has once again threatened Atari with delisting following the value of its publicly held shares dropping below USD 15 million for 30 consecutive days.

To regain compliance, Atari's market value must reach or exceed USD 15 million for ten consecutive days. The deadline for compliance is March 20, 2008.

Atari has faced delisting by NASDAQ on numerous occasions over the past three year's, not just for the value of the company declining, but also for failing to file its annual reports on time.

At the beginning of 2007 Atari shareholders approved a stock split in order to remain listed on NASDAQ.