Majesco regains Nasdaq compliance

Software publisher Majesco has announced that it is no longer at risk of being delisted from the Nasdaq index having met stock market requirements.

Last month, CFO John Gross said the company had been warned about a possible delisting for failing to comply with a 10-day USD 35 million market cap requirement.

Majesco has now been told it has met the requirement and thereby regained compliance with Nasdaq.

The company was due to appear at a hearing before the Nasdaq Listing Qualifications Panel, but the event has now been cancelled.