BAM granted exception to NASDAQ listing rules

Publisher BAM! Entertainment has been granted a temporary exception from the NASDAQ's regulations, which gives the company until May 17th to bring itself back in line with the requirements of the NASDAQ SmallCap Market.

By that date, it must have at least $18 million in stockholders equity listed - a target which the company says it thinks it can meet, but cannot assure future compliance.

The company has had an ongoing battle to keep its stock listed on the NASDAQ, and this is only the latest in a series of warnings which have been issued to the firm by the stock market authorities.

BAM is currently in the final stages of acquiring Scottish developer VIS Entertainment, with the deal expected to be completed by the end of April.