Acclaim granted 180-day breather on NASDAQ delisting threat
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Publisher acclaim has been officially granted a 180 day extension by the NASDAQ, giving the company six months to get its share price back up to the minimum required level of $1.00 or face delisting from the SmallCap Market.
At the end of this period, the NASDAQ will assess Acclaim's performance and may grant an additional 90 day extension if it decides that the company has indicated that it will soon meet listing requirements.
Delisting from the NASDAQ would be a severe blow to the company, which has hopes for a turnaround of its fortunes thanks to the major restructuring plans initiated by recently appointed CEO Rod Cousens.