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Struggling Acclaim Gets Nasdaq Delisting Warning

Acclaim revealed today that it received a warning notice from Nasdaq, because the company's shares have not closed at or above $1 for 30 consecutive trading days.

Game Developer, Staff

January 31, 2003

1 Min Read

The company has until July 23 to regain compliance, which could be achieved via a reverse stock split, a massive stock repurchase by the company, or other means. If it cannot comply by July 23, it may have to move to the Nasdaq SmallCap market. Shares of Acclaim closed at 54 cents today, just a penny above its 52-week low -- which was set Wednesday.

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Opinion: How will Project 2025 impact game developers?

The Heritage Foundation's manifesto for the possible next administration could do great harm to many, including large portions of the game development community.