NASDAQ Finally Delists Atari
I don’t really want to go back and actually give you a hard number on how many times we (or any other outlet) have reported about Atari being threatened with delistment by NASDAQ. Trust me, it’s been quite a few, as this has been brewing for what feels like years. But the Infogrames subsidiary has finally seen itself delisted from the NASDAQ Global Market, which suspends trading of the company’s shares.
Atari plans on requesting a review, according to GI.biz, which could potentially allow for Atari stock to be traded even if the suspension is not ended. The company is expecting to be quoted on the Pink Sheets, which allows for companies that have been delisted to continue trading.
We know that Infogrames has big plans for Atari — or at least the Atari name. How this will affect those plans remains to be seen, but this certainly isn’t going to help the situation for Phil Harrison and company.