After a month warning and a recent announcement that game publisher Majesco could be delisted from the Nasdaq exchange, the company received a notice from the Nasdaq Stock Market today that the company will remain listed on the Nasdaq Capital Market for maintaining a market value above $35 million. Due to this news, Majesco will no longer be required to attend a hearing before the Nasdaq Listing Qualifications Panel.
Shares of Majesco (COOL) closed at $1.58, valuing the company at $37.66 million.
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Published: Apr 27, 2007 02:00 pm