NASDAQ warned you: Atari now delisted

Atari has been sufficiently warned by NASDAQ as early as March to raise its stock value. Atari didn’t, even with the completed merger with Infogrames. Thus, Atari is now delisted. What are its implication? Details over at the full article.

Atari has been duly warned by NASDAQ to raise their stock value to above the US$ 15 million until March 20 or face delisting. Well, Atari has failed to fulfill the requirements thus they are now being delisted from the Nasdaq Global Market.

What will this mean for Atari? All of their shares are now suspended when business opens again on May 9. Their stocks will be quoted on Pink Sheets and OTC Bulletin Board. In short, tougher financial times are awaiting for the classic gaming brand that is Atari.

On the bright side of things, Atari is confident that this low point will not affect their completed merger with Infogrames. More developments as QJ.NET retrieves them.