HAMILTON, Bermuda–(BUSINESS WIRE)–Majestic Capital, Ltd. (Majestic Capital) (Nasdaq: MAJC) today announced that it filed a Form 25 with the Securities and Exchange Commission to effect the voluntary delisting of Majestic Capital’s common stock from the Nasdaq Capital Market. The effective date of delisting pursuant to this filing will occur on May 9, 2011.
Majestic Capital elected to voluntarily delist its common stock in lieu of the mandatory delisting which would occur as a consequence of the fact that Majestic Capital filed a Form 10-K for the year ended December 31, 2010 which is not in compliance with the NASDAQ continued listing obligations due to the presence of an auditor’s disclaimer of opinion in that filing.
Source: BusinessWire