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THQ threatened with Nasdaq delisting

Struggling publisher has until July to raise stock price

Saints Row publisher THQ has been threatened with delisting from the Nasdaq stock exchange.

The company has until July 23 for bid price of its stock to rise above $1 per share for a minimum of 10 consecutive days. Stock is currently valued at 70 cent per share and has fallen over four years from a high of $36.

The struggling company said last week that it intends to focus on the core gaming audience and shelved future ambitions in the kids' market. Over the past two years it has canned numerous projects and cut staff significantly.

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Matt Martin avatar
Matt Martin: Matt Martin joined GamesIndustry in 2006 and was made editor of the site in 2008. With over ten years experience in journalism, he has written for multiple trade, consumer, contract and business-to-business publications in the games, retail and technology sectors.
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