Majesco Entertainment said Wednesday that it has regained compliance with NASDAQ's minimum bid price listing requirement.
The Listings Qualification Panel of NASDAQ had informed Majesco earlier this year that it had to show it was capable of maintaining a minimum bid price of $1.00 per share under Listing Rule 5550(a)(2). It was required to maintain this price for ten consecutive business days, or have its shares de-listed from the exchange.
