SouthPeak Interactive has suffered another downturn as the company tries to become profitable again. As of yesterday, Southpeak revealed its plan to remove itself from the New York Stock Exchange. SouthPeak cannot meet the requirements that are necessary for a company to be listed on the NYSE.

After posting a $76 million loss in revenue for the third quarter, Midway has been issued a delisting notice from the New York Stock Exchange. According to GameSpot UK, the notice came after the struggling developer failed to close above $1 a share, the minimum required closing price for the New York Stock Exchange, within 30 days of trading.

In order to avoid being delisted, Midway must…