Atari has been duly warned by NASDAQ to raise their stock value to above the US 15 million until March 20 or face delisting. Well, Atari has failed to fulfill the requirements thus they’re now being delisted from the Nasdaq Global Market.
What will this mean for Atari? All of their shares are now suspended when business opens again on May 9. Their stocks will be quoted on Pink Sheets and OTC Bulletin Board. In short, tougher financial times are awaiting for the classic gaming brand that is Atari.
On the bright side of things, Atari is confident that this low point won’t affect their completed merger with Infogrames. More developments as QJ.NET retrieves them.
source pc.qj.net