Atari Gets Another NASDAQ Delisting Warning

Game Daily is reporting that the North American Stock Exchange (NASDAQ) has sent Atari another warning about delisted:

Officials for financially beleaguered Atari have announced that the publisher has once again received "a Staff Determination Letter from the Nasdaq Listing Qualifications Department stating that Atari, Inc. has not gained compliance with the requirements of Nasdaq Marketplace Rule 4450(b)(3), and that its securities are therefore subject to delisting from The Nasdaq Global Market."

Atari was previously warned in December that the company needed to have a market capitalization of $15 million for a minimum of 10 consecutive business days prior to March 20, 2008.

Atari plans to appeal the warning. Check out their plan at the link above.

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