-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, DpcKJn5BqH6USJJzulKEWnIObWTCkrVBd1LVLGo2t8jbD+VNealbJBteGKcz6GiF 9FZqdGLrFqku1LPpsQDuhQ== 0000950123-10-021042.txt : 20100304 0000950123-10-021042.hdr.sgml : 20100304 20100304163009 ACCESSION NUMBER: 0000950123-10-021042 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20100302 ITEM INFORMATION: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20100304 DATE AS OF CHANGE: 20100304 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MAJESCO ENTERTAINMENT CO CENTRAL INDEX KEY: 0001076682 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 061529524 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-32404 FILM NUMBER: 10657565 BUSINESS ADDRESS: STREET 1: 160 RARITAN CENTER PARKWAY STREET 2: SUITE 1 CITY: EDISON STATE: NJ ZIP: 08837 BUSINESS PHONE: 7328727490 MAIL ADDRESS: STREET 1: PO BOX 6570 CITY: EDISON STATE: NJ ZIP: 08818 FORMER COMPANY: FORMER CONFORMED NAME: MAJESCO HOLDINGS INC DATE OF NAME CHANGE: 20040416 FORMER COMPANY: FORMER CONFORMED NAME: CONNECTIVCORP DATE OF NAME CHANGE: 20010815 FORMER COMPANY: FORMER CONFORMED NAME: SPINROCKET COM INC DATE OF NAME CHANGE: 20000502 8-K 1 y03152e8vk.htm FORM 8-K e8vk
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT

Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 2, 2010
 
MAJESCO ENTERTAINMENT COMPANY
(Exact name of registrant as specified in its charter)
         
Delaware   001-32404   06-1529524
(State or other jurisdiction   (Commission File Number)   (IRS Employer
of incorporation)       Identification No.)
160 Raritan Center Parkway,
Edison, New Jersey 08837
(Address of principal executive offices and zip code)
Registrant’s telephone number, including area code: (732) 225-8910
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 


 

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
(a) On March 2, 2010, Majesco Entertainment Company (the “Company”) received a notice from The Nasdaq Stock Market indicating that the Company had not maintained compliance with Marketplace Rule 5550(a)(2) requiring the Company’s listed securities to have a minimum value of $1.00 per share for 30 consecutive trading days. As anticipated, the letter was issued in accordance with Marketplace Rule 5810(c)(3)(A), which provided the Company with 180 calendar days, or until August 30, 2010, to regain compliance by maintaining a per-share value of listed securities of at least $1.00 million for a minimum of 10 consecutive business days during the 180-day period.
In compliance with Marketplace Rule 5810(b), the Company issued a press release on March 4, 2010 to announce that the Company received the notice. A copy of the Company’s press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits
The following exhibit is furnished with this report:
     
Exhibit No.   Description
 
   
99.1
  Press Release dated March 4, 2010

 


 

SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
         
Dated: March 4, 2010
  MAJESCO ENTERTAINMENT COMPANY    
 
       
 
  /s/ Jesse Sutton
 
Jesse Sutton
   
 
  Chief Executive Officer    

 

EX-99.1 2 y03152exv99w1.htm EX-99.1 exv99w1
Exhibit 99.1
(MAJESCO LOGO)
MAJESCO ENTERTAINMENT COMPANY RECEIVES NASDAQ NOTIFICATION
EDISON, N.J. – March 4, 2010 — Majesco Entertainment Company (NASDAQ: COOL) (the “Company”), an innovative provider of video games for the mass market, announced today that on March 2, 2010, it received a letter from The Nasdaq Stock Market, Inc. (“Nasdaq”) notifying the Company that for the 30 consecutive days preceding the date of the letter, the bid price for the Company’s common stock had closed below the $1.00 per share minimum required for continued inclusion on The Nasdaq Capital Market pursuant to Nasdaq Markeplace Rule 5550(a)(2).
The letter further notified the Company that, in accordance with Nasdaq Marketplace Rule 5810(c)(3)(A), the Company will be provided 180 calendar days, or until August 30, 2010, to regain compliance with the minimum bid price requirement. Compliance will be achieved if the bid price per share of the Company’s common stock closes at $1.00 per share or greater for a minimum of 10 consecutive trading days prior to August 30, 2010.
If the Company does not achieve compliance within the required period, the Nasdaq staff will provide written notification that the Company’s securities are subject to delisting. In that event and at that time, the Company may appeal the Nasdaq staff delisting determination to a Nasdaq Listing Qualifications Panel. Alternatively, the Company may be eligible for an additional grace period if it meets the initial listing standards set forth in Marketplace Rule 5505, with the exception of bid price, for The Nasdaq Capital Market. If it meets the initial listing criteria, the Nasdaq staff will notify the Company that it has been granted an additional 180 calendar day compliance period. If the additional grace period is granted, the Company will be afforded the remainder of the second 180 calendar day compliance period in order to regain compliance with the Minimum Bid Price Rule.
About Majesco Entertainment Company
Majesco Entertainment Company is a provider of video games for the mass market. Building on more than 20 years of opertaing history, the company is focused on developing and publishing a wide range of casual and family oriented video games on Wii™, Nintendo DS™ and other leading systems. Product highlights include Cooking Mama™, TETRIS® Party Deluxe, Alvin and the Chipmunks: The Squeakquel and Jillian Michaels’ Fitness Ultimatum. The company’s shares are traded on the Nasdaq Stock Market under the symbol: COOL. Majesco is headquartered in Edison, NJ and has an international office in Bristol, UK. More information about Majesco can be found online at www.majescoentertainment.com. @Majesco is on twitter or at www.twitter.com/majesco.

 


 

# # #
For more information, please contact:
     
John Gross
  Mike Smargiassi/Denise Roche
Chief Financial Officer
  Brainerd Communicators, Inc.
Majesco Entertainment Company
  212-986-6667
732-225-8910
   

 

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