Ellie Gibson
11:28 (BST)
17/11/2006
Related articles
Activision at risk of being delisted from NASDAQ
Publisher fails to file Q2 report by deadline
Activision has failed to file a financial report for the quarter ending September 30 before deadline, leaving the publisher at risk of being delisted from the NASDAQ stock market.
It's been confirmed that a notice warning of a possible delisting was received by Activision this week, as expected by the company. The delay to the filing of the report has been attributed to an ongoing review by the US Securities and Exchange Commission, which is investigating Activision's stock options activities.
Activision will ask for a hearing in front of the NASDAQ Listing Qualifications Panel so that a strategy for achieving compliance can be agreed. However, the publisher said, there is "no assurance" that the strategy will be approved and the listing will remain in place.
Activision has yet to confirm a date for the filing of the report, but plans to do so "as soon as practicable".
To comment on this article, or view other users comments, you need to register for the GamesIndustry.biz Network.
