Zoo Entertainment delisted from NASDAQ

MCV Staff 5th December 2011 Publishing

Indie and mobile games publisher Zoo Entertainmenthas been delisted from the Nasdaq stock exchange after not honouring a 45-day warning.

In September, the stock exchange notified Zoo that it no longer met qualifications for listing, as Nasdaq-listed firms require a minimum of $2.5 million in stockholder equity.

The warning came days after Zoo notified investors of a 63 per cent year-on-year revenue decrease. CEO Mark Seremet said the Ohio company’s transition to becoming a digital-only publisher has been "rough".

For more information on this story, visit Develop.

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