Home / Business / Publishing / Zoo Entertainment delisted from NASDAQ

Zoo Entertainment delisted from NASDAQ

Indie and mobile games publisher Zoo Entertainmenthas been delisted from the Nasdaq stock exchange after not honouring a 45-day warning.

In September, the stock exchange notified Zoo that it no longer met qualifications for listing, as Nasdaq-listed firms require a minimum of $2.5 million in stockholder equity.

The warning came days after Zoo notified investors of a 63 per cent year-on-year revenue decrease. CEO Mark Seremet said the Ohio company’s transition to becoming a digital-only publisher has been "rough".

For more information on this story, visit Develop.

About MCV Staff

Check Also

Hiro Capital

Hiro Capital launches €100m capital fund to bridge current funding gap in industry

We feel strongly that there's been this capital gap in our set of industries"