Neverwinter Nights 2: Atari to Attempt Delay on NASDAQ Delisting

Again according to Gamasutra reporter Simon Carliss:

Atari explained that "unless the bid price of our common stock closed at $1.00 per share or more for a minimum of 10 consecutive business days prior to August 30, 2006, the common stock would be subject to delisting. The price of the common stock did not reach that level" - it's currently listed at $0.69, in fact.

However, the company intends to request a hearing before a NASDAQ Listing Qualifications Panel, and will remain listed on The NASDAQ Global Market until the Panel issues its decision following the hearing (the date of which is not yet known). Atari expects the hearing to be held in approximately 25 to 45 days.

Atari's most recent financials showcased reduced revenue but a reduced loss thanks to its recent IP sales, and it is unclear whether long-term debts from parent firm Infogrames and continues IP divestiture augur well for the company's long-term future.

Head to the link above for related articles and forum activity related to the article.

I'm sure that Atari is hopeful that the hearing will allow NWN 2 to be released and give the company a much needed shot in the wallet. Good numbers at the hearing and a nice stock spike could indeed allow Atari to continue its listing with NASDAQ.