Majesco COOL with Nasdaq

Majesco COOL with Nasdaq

Cooking Mama publisher Majesco has regained its compliance with the Nasdaq stock market following a delisting threat.

Nasdaq said that Majesco now meets the stock market’s requirement to maintain a market value of listed securities of at least $35 million for 10 consecutive trading days. The New Jersey-based game publisher was previously failing to meet that requirement.

A hearing in front of the Nasdaq Listing Qualifications Panel has in effect been cancelled.

Majesco stock closed flat today at $1.58 per share.