Majesco’s NASDAQ listing has been in peril since dipping to less than $ 1. In a bid to stay on, Majesco is asking shareholders to approve a reverse stock split.
Majesco hopes the move will raise the stock price to above $ 1. NASDAQ has been waiting on Majesco to raise that stock price since last month, and even gave them a grace period that has already passed.
If they hold out, Majesco will push through with plans to shift away from Zumba games to casino and indie games publishing.