Is Mad Catz in danger of folding? The latest news from the long-standing peripheral manufacturer certainly doesn’t bode well.
The company has today revealed that they have been threatened with delisting from the New York Stock Exchange (NYSE). Unless there is a “a sustained improvement in its share price within the next six months”, its shares will no longer be available for trade on the NYSE.
This doesn’t necessarily spell the end for Mad Catz, though it does suggest the company is in dire financial straits. The company previously laid off 37% of its workforce in a restructuring exercise and there have been other indicators that it was faring poorly.
The next six months will likely be make-or-break for the company and determine whether or not Mad Catz can claw their way back to prosperity.