New York - Video game publisher Atari (NASD: ATAR) announced on Thursday that earlier this week it received a delisting notice from the Nasdaq, which said in December that the company's shares could be delisted if they did not reach and maintain a $15 million market value for 10 consecutive days by March 20.

As Atari did not meet this requirement, its shares are now subject to delisting from the exchange.

The company said it will request a hearing before a Nasdaq Listing Qualification Panel to appeal the delisting, especially in light of parent company Infogrames' pending proposal to acquire all of Atari's shares it does not already own.

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http://www.infogrames.com

http://www.atari.com