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


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