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Nasdaq delivers stock warning to Take 2

The warning comes in reaction to Take 2 being late in handing in its Form 10-Q - the quarterly financial report for Q3.

According to the publisher, the delay is a result of the ongoing investigation by the US Securities and Exchange Commission (SEC) into stock option grants made by Take 2 from January 1997 to now.

The company, the parent of 2K Games and Rockstar, is undergoing its own internal review of the option grants, led by an independent committee.

In a statement, Take 2 said it now plans to request a hearing with the Nasdaq Listing Qualifications Panel to “review the determination”, and that it would file its Form 10-Q “as soon as practical” following the investigation.

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