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Midway Delisted From Stock Exchange

sjohnson
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Posted February 19, 2009 - By Stephen Johnson

Take a sec to pour some of your beverage on the ground for a dying gaming homie: Venerable video game company Midway, creators of Mortal Kombat, Ms. Pac-Man, Spy Hunter, Tron, and too many other classics to list, was delisted from the New York Stock Exchange (NYSE) today.

Already in bankruptcy, Midway was unable to maintain a minimum average closing share price of $1, or over for 30 consecutive trading days, so the NYSE was like "GTFO!"

Midway is still in operation. The Delaware Bankruptcy Court allowed the publisher to use its cash to stay open, but only until a final hearing can be held and the ultimate fate of the company decided.

Midway was founded in 1988 as an arcade machine company and has been losing money for several years.

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Midway Delisted From Stock Exchange
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