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Majesco Entertainment gets delisting warning over independent directors

Jan. 09, 2017 11:00 AM ETRegenETP, Inc. (RGTPQ) StockRGTPQBy: Jason Aycock, SA News Editor
  • Majesco Entertainment (COOL +2%) says it's gotten a warning from Nasdaq over its board constitution.
  • In a filing, the company says it's gotten a noncompliance letter regarding a listing rule requiring that a majority of directors be considered independent.
  • The company -- in the process of becoming Polarity through an acquisition of PolarityTE -- has until Feb. 21 to submit a compliance plan, and it says that it plans to appoint additional independent directors in conjunction with the acquisition.

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