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Short Take: Acclaim battles Nasdaq delisting

Video game maker Acclaim Entertainment said it will appeal Nasdaq's recent decision to delist Acclaim's stock. Acclaim received notification from Nasdaq May 30 that it would be delisted as of June 8 because the company no longer met the exchange's tangible asset requirements. Share prices had also fallen below the $5 minimum bid price for continued listing on the main Nasdaq market. The company said it is evaluating various alternatives to boost share price, including a reverse stock split.

Video game maker Acclaim Entertainment said it will appeal Nasdaq's recent decision to delist Acclaim's stock. Acclaim received notification from Nasdaq May 30 that it would be delisted as of June 8 because the company no longer met the exchange's tangible asset requirements. Share prices had also fallen below the $5 minimum bid price for continued listing on the main Nasdaq market. The company said it is evaluating various alternatives to boost share price, including a reverse stock split.