Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
July 30, 2014
arrowPress Releases
July 30, 2014
PR Newswire
View All

If you enjoy reading this site, you might also want to check out these UBM Tech sites:

Not too COOL: Majesco stays on NASDAQ thanks to reverse stock split
Not too COOL: Majesco stays on NASDAQ thanks to reverse stock split
July 3, 2014 | By Christian Nutt

July 3, 2014 | By Christian Nutt

Newsbrief: New Jersey-based publisher Majesco is no stranger to financial trouble, or threat of delisting from the NASDAQ stock exchange. In a plan announced in February and executed last month after shareholder approval, Majesco merged shares in the company at a ratio of seven-to-one, with no change in value of the investment for its shareholders.

That move allowed the company to continue trading on the exchange, it now says, which has a minimum price requirement of $1 per share. Majesco's stock, which trades under the symbol COOL, is at $2.42 a share as of this writing.

The company is hanging its hope on its indie publishing label Midnight City and a move into social casino games.

Related Jobs

Raven Software / Activision
Raven Software / Activision — Madison, Wisconsin, United States

Network Engineer
2K — Novato, California, United States

Level Architect
Cloud Imperium Games
Cloud Imperium Games — Santa Monica, California, United States

Art Outsourcing Manager
Respawn Entertainment
Respawn Entertainment — San Fernando Valley, California, United States

Senior Systems Designer


Michael Thornberg
profile image
Seriously.. 'Majesco'?? How about what is going on with CryTek instead? That is far more worrying than this. I am actually amazed you haven't picked that story up.

Christian Nutt
profile image
Well, we did report on it:

New reports come out almost daily, of course, and we're watching the situation. But just repeating other sites' anonymously-sourced reports (which often don't add much new, are sometimes written in ways that make it difficult to understand their provenance) doesn't necessarily seem to be the best course of action. And as yet, the company itself is not talking.

Ariel Gross
profile image
THQ flashbacks. Hope they can pull it together.