Atari undergoes reverse stock split

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Atif

Atif

Ancient Philosopher
Jan 18, 2007
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From Mars
Atari has undergone a one-for-10 reverse stock split in an attempt to keep itself listed on the Nasdaq Stock Exchange. The move means that every 10 shares of Atari common stock at the close of business yesterday, when it was valued at $0.57 per share, were consolidated to 1 share of Atari stock worth $5.70. Last March, the stock exchange warned Atari that it could be delisted if it continually failed to meet the Nasdaq's $1 minimum bid price requirement. Atari stock closed today's trading at $5.45, down $0.30 from its $5.75 opening. Atari must trade above $1 for 10 consecutive days before January 18 for Nasdaq to withdraw its decision to suspend the company's listing.
 
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    Shadowdragoo said:
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  • NaNoW NaNoW:
    :D
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  • S Shadowdragoo:
    no idea how that is a steal by wasting 3500 rupees per month and for games that are removed before you can finish them off.xbox gamepass is garbage with no local prices
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  • faraany3k faraany3k:
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    EternalBlizzard said:
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    There are no such thing as "bad design" bro, its all "artistic vision" now :ROFLMAO:
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  • EternalBlizzard EternalBlizzard:
    Is it just me or people lately seem to defend every bad game design decision made by the devs and try to give bullshit reasons for that? Or perhaps it's because I'm on reddit and discord :ROFLMAO:
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    faraany3k faraany3k: no idea how that is a steal by wasting 3500 rupees per month and for games that are removed...
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