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Atari threatened with NASDAQ delisting again

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.

Matt Martin avatar
News by Matt Martin Contributor
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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.

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Matt Martin avatar

Matt Martin

Contributor

Matt Martin joined GamesIndustry in 2006 and was made editor of the site in 2008. With over ten years experience in journalism, he has written for multiple trade, consumer, contract and business-to-business publications in the games, retail and technology sectors.