Atari Could Get Delisted from NASDAQ

Popular game publisher gets delisting notice for NASDAQ incompliance.

Troubles continue for Atari. The struggling publisher has been delivered a delisting notice from the NASDAQ Stock Market, warning the game company that it has until August 17th to bring its audit committee into official market compliance.

According to NASDAQ rules, a company must have one financial expert and two other board members for a total of three independent directors on an audit committee. As of receiving the notice, there were just two.

The company has undergone a significant amount of restructuring over the last year, including the resignation of Atari CEO James Caparro, and the departure of independent director Thomas Mitchell for the audit committee.

Atari said it would have no problem meeting NASDAQs requirements. Atari share prices are currently down around $2.40.

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