Majesco Entertainment, which recently revealed a much narrowed annual loss, announced today that it has received notice from the Nasdaq Stock Market showing that the company is now in full compliance with Listing Rule 5550(a)(2).
On March 2, 2010, Majesco was notified that it had been removed from compliance due to the listing of its common stock remaining under the $1 minimum bid price for 30 consecutive days. On January 28, 2011, the company was notified that its closing bid price now stood above $1 for 10 consecutive days.
Therefore, Majesco is now in full compliance with Nasdaq listing requirements, and the matter is closed.
