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Atari Delisted from Nasdaq
by Chris Faylor, May 09, 2008 3:30pm PDTPublisher Atari has revealed that, as of today, its stock will no longer be listed or traded on The Nasdaq Stock Market.
The action follows numerous warnings from Nasdaq, in which Atari was informed that it would be delisted if the value of its public shares did not increase to $15 million or more and stay above that figure for at least ten days.
Following its removal from Nasdaq, Atari stock will be available for purchase and sale through delisted company trader Pink Sheets.
The company does not expect its delisting to affect its merger with parent company Infogrames, which is set to close in the third quarter of 2008.
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