Acclaim Entertainment has been threatened with de-listing by Nasdaq following its share price bottoming out at under a dollar. As you may be aware, minimum price for trading on the Nasdaq is a dollar US.
This has been the case for the past thirty days, resulting in a standard, automated warning.
Nasdaq’s board has granted Acclaim until July 23 to sort out an increase in its value. If it fails, the firm will either be de-listed or be granted a final 180 days stay of execution.
We’ll bring you more on this as it progresses.