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THQ Threatened With NASDAQ Delisting If Stock Price Doesn't Improve

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Posted January 31, 2012 - By Adam Rosenberg

THQ Starts

It's troubled times for Saints Row publisher THQ. The company has struggled to find its footing in recent weeks, with layoffs and an overall shift in focus coming in the wake of quickly refuted game cancellation rumors. Things just got a little worse, too, with NASDAQ threatening to delist the company from the American stock market if its share price doesn't improve, Yahoo! reports (via Joystiq).

The delisting notice comes because THQ's stock price has closed below $1 per share for 30 consecutive days, with $1 being the minimum requirement for a NASDAQ listing. The company now has 180 days to get that share price above $1 for at least 10 consecutive days; if that doesn't happen, the publisher will be delisted on July 23 of this year. It's not the end of days just yet for the publisher; Joystiq notes that Majesco has been here, and escaped delisting, twice before. Here's hoping that THQ can do the same.

Source: Yahoo! Finance

Tags: Videogames
THQ Threatened With NASDAQ Delisting If Stock Price Doesn't Improve
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