X

THQ Maintains NASDAQ Spot After Delisting Threat

Posted July 24, 2012 - By Adam Rosenberg

THQ Starts

THQ has been facing some tough financial circumstances in recent months, though there's some reason for the company's supporters to celebrate today with the news that the publisher won't be delisted from the NASDAQ stock exchange (via Polygon). The threat of a delisting first surfaced in January 2012, as a result of THQ's stock price closing at under $1 per share for 30 consecutive days.

A 180-day grace period followed, during which the publisher would be required to gets its stock price above the $1 per share mark for at least 10 consecutive days. A 10-for-1 reverse stock split whittled down the total number of shares to roughly 7 million, from a former 70 million. This in turn brought the overall value of each share up to the point that THQ was able to meet the minimum NASDAQ requirements.

Tags: Videogames
THQ Maintains NASDAQ Spot After Delisting Threat
http://www.g4tv.com/thefeed/blog/post/726245/thq-maintains-nasdaq-spot-after-delisting-threat/
http://cache.g4tv.com/ImageDb3/238275_S/thq-starts-partners-program-not-unlike-ea-partners.jpg
BlogThread_726245

ADVERTISEMENT

Blog Tags

g4tv.com
  • Sara Underwood's Naked Bike Ride

    Posted: June 22, 2011

    1,305,756 Views | 05:20

  • International Sexy Ladies Show: Messy Cat Fight

    Posted: January 27, 2010

    632,295 Views | 00:49

  • Adult Star Kirsten Price Tests Kinect's Nude Filter

    Posted: November 12, 2010

    1,433,794 Views | 04:33

  • Best Nude Scenes in Video Games

    Posted: June 29, 2009

    1,521,513 Views | 03:12

  • International Sexy Ladies Show: Wrestling in Moscow

    Posted: June 19, 2009

    135,685 Views | 01:24

AdChoices