Majesco moves up financial food chain

New Jersey-based Majesco Holdings, game publisher and distributor whose stock is currently listed on the Over-the-Counter Bulletin Board (an electronic trading service that's home to many small- and micro-cap companies), has petitioned the Securities and Exchange Commission to sell an additional 100,000 shares of common stock, as well as list itself for trading on the more highly regulated NASDAQ stock exchange. A sign of the company's growing standing as a publisher, the move will afford the company additional resources that can be used to fund game development or pave the way for increased spending on research and development, marketing, or acquisitions. The company shipped its high-profile console title BloodRayne 2 to retailers just last month.