Acclaim De-Listing

Acclaim is appealing Nasdaq's decision to de-list the company. Nasdaq informed Acclaim on May 30 that the company no longer met the net tangible assets requirement nor the $5 minimum bid price for listing on Nasdaq's National Market. Though Nasdaq has present Acclaim with the option of moving to the Nasdaq Small Cap Market, Acclaim is instead appealing de-listing decision. Among the option being consider by Acclaim is a reverse stock split, which the company believes could push its minimum bid price back above $5.