Gaming
Mortal Kombat publisher Midway could be delisted from the New York Stock Exchange (NYSE) after failing to maintain the required minimum average closing price over 30 consecutive trading days.
The Chicago-based company, which recently suffered deficits, layoffs and studio closures, reported a stock value of 25 cents (17 pence) just prior to market opening Friday morning.
The company has been given a provisional period of six months to whip its stocks into shape. Shares will still be listed in the meantime.
"The Company plans to notify the NYSE that it will seek to cure the deficiency," Midway said in a statement.
The Chicago-based company, which recently suffered deficits, layoffs and studio closures, reported a stock value of 25 cents (17 pence) just prior to market opening Friday morning.
The company has been given a provisional period of six months to whip its stocks into shape. Shares will still be listed in the meantime.
"The Company plans to notify the NYSE that it will seek to cure the deficiency," Midway said in a statement.
More: Gaming
Level Up
We've got a PS Vita... Ask us anything!Ask us anything about the upcoming PlayStation Vita.
Gaming Reviews
'UFC Undisputed 3' review (Xbox 360)UFC Undisputed 3 lands a knockout blow to the fighting genre.
Gaming Features
Ubisoft's Vita launch lineup: Hands-onWe sample Rayman Origins, Lumines Electronic Symphony and other launch titles.
Gaming Interviews
'Spec Ops: The Line' - interviewYager Development discusses the desert-set post-apocalypse in Spec Ops: The Line.
