Majesco Entertainment, the financially 2K16 MT Coins afflicted video adventurous developer and publisher, anchored $6 amateur in allotment from "certain accepted investors," the aggregation arise today.Of the absolute funds, "approximately" $1 amateur is attainable now. The antithesis will be placed in escrow and disbursed later, apprehension altitude like stockholder approval. The investors purchased Majesco beat shares at $0.68 per unit. As of this writing, Majesco's shares are trading at $0.59 per allotment on the Nasdaq banal exchange.
Majesco, the administrator of amateur like Zumba Fitness series, has faced banking difficulties throughout the endure few years.In March 2013, Nasdaq gave Majesco 180 agenda canicule to accession its banal bulk or face delisting if it remained beneath $1 per share. In August 2013, Majesco accustomed a 180 day addendum to accede afore Feb. 14, 2014. Nasdaq appropriate that Majesco accumulate its banal aloft the minimum bulk for 10 afterwards business canicule or it would be delisted. In February 2014, if its banal was trading at $0.54, administration approved stockholder approval for a about-face banal breach to accession the bulk of banal aloft the minimum threshold. In July 2014, Majesco banal rose aloft $1 per share.In aboriginal November, Majesco filed a Anatomy 8-K analogue its advancing troubles and efforts to allay them.