Publisher gets another 180 days to raise its stock price over $1

Majesco gets a chance to avoid delisting

Majesco has 180 days to raise its stock price above $1 or face being delisted from the NASDAQ stock exchange.

The publisher was threatened with delisting in March after having dropped below the dollar mark back in January.

Majesco’s original deadline was August 28th, but its latest financial filings revealed the grace period, which will end on February 24, 2014.

The company’s current stock value is currently sixty-five cents.

This is the third time Majesco has been threatened with delisting.

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