Majesco Meets Nasdaq Compliance

Logan Frederick

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Aug 19, 2006
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Majesco Meets Nasdaq Compliance

After a month warning and a recent announcement [http://www.escapistmagazine.com/news/view/71007-Nasdaq-Sends-Majesco-Delisting-Warning] 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 [http://finance.google.com/finance?q=COOL]) closed at $1.58, valuing the company at $37.66 million.

[http://www.escapistmagazine.com/news/view/71007-Nasdaq-Sends-Majesco-Delisting-Warning]

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