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Zumba Fitness publisher Majesco Entertainment has about six months to get its stock price back above $1.
Yesterday, the NASDAQ Stock Market provided Majesco with a 180-day extension to raise its share price or else risk delisting from the exchange, according to a Majesco filing (as first spotted by Polygon). That means the company now has until Feb. 14 to boost its stock above the $1 minimum.
In March, NASDAQ warned Majesco that it would delist the publisher’s stock for trading below $1 for 30 consecutive trading days. Majesco missed the previous deadline, which expired Aug. 28.
Majesco stock (COOL) is currently trading at around 64 cents. Earlier this month, Majesco announced it’s investing $3.5 to $4.5 million in an online casino division known as GMS Entertainment. Earlier this week, the publisher revealed its new indie-publishing operation called Midnight City that already has a lineup of 10 games for Xbox Live Arcade, PlayStation Network, and PC.
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