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Finance

THQ avoids NASDAQ delisting

THQ avoids NASDAQ delisting

Tue 24 Jul 2012 10:17am GMT / 6:17am EDT / 3:17am PDT
FinancePublishing

Achieves minimum bid price listing requirement

Troubled publisher THQ has confirmed that it has reached the NASDAQ minimum bid price listing requirement and will not be delisted.

"[THQ] has received notification from NASDAQ that it has regained compliance with the minimum bid price rule for continued listing on The NASDAQ Global Select Market because the bid price of its common stock has closed at $1.00 per share or greater for at least 10 consecutive business days," it reported in an update for investors.

At the beginning on the month THQ announced a reverse stock split in an attempt to raise the bid price.

"The purpose of the reverse stock split is to raise the per share trading price of THQ's common stock to regain compliance with the $1 per share minimum bid price requirement for continued listing of THQ's common stock on the NASDAQ Global Select Market," it said at the time.

5 Comments

Terence Gage
Freelance writer

1,288 120 0.1
Good for them. I think with their renewed focus on core gamers they might go on to be a leaner and more profitable company. I'm really looking forward to Darksiders II, and secretly I hope they'll reboot Red Faction or just PSN/Live remake the first game because I still think it's a great FPS.

Posted:2 years ago

#1

Hugo Dubs
Interactive Designer

163 24 0.1
Im really happy, THQ is a great studio and Im happy they begin to be back in business.

Posted:2 years ago

#2

Nicholas Pantazis
Senior Editor

1,017 1,463 1.4
Great! We've had too many studios and publishers fall to the 7th generation of consoles and their terrible costs. I'd hate to see more jobs lost and more talent fall by the wayside. Good luck to THQ. I hope you guys can continue to improve and return to success.

Posted:2 years ago

#3
Not many studios are focused on core games, and I'm glad THQ will be a leaner more effective powerhouse

Posted:2 years ago

#4

Roberto Bruno
Curious Person

104 69 0.7
I'm not a financial expert by any mean, but my personal guess is that with their new focus on very few, high profile core products, they have a good chance to vastly improve their situation in the next months.

Posted:2 years ago

#5

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