Business & Finance
Business and Finance
Business and Finance
Fri, April 29, 2011 Majestic Capital Announces Voluntary Delisting of its Common Stock
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 Capitala™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 auditora™s disclaimer of opinion in that filing.
About Majestic Capital, Ltd.
Majestic Capital, through its subsidiaries, is a specialty provider of workersa™ compensation insurance products and services. Further information about Majestic Capital and its business can be found on Majestic Capitala™s website at [ http://www.MajesticCapital.com ].
