It’s been a bumpy year for THQ, between the cancellation of a few projects, the closure of several studios, internal shuffling with a new president (Jason Rubin) and plenty of ups and downs on the NASDAQ market. And sadly, it looks like that latter piece of drama continues on, as the company was facing the threat of a delisting.
Luckily, it looks like it escaped that fate for now. According to a report, THQ avoided delisting from the NASDAQ after they were able to maintain a closing stock price of $1.00 per share (the minimum) by the end of the previous business day. They’ve been doing this for more than ten days, which will allow them to stay on the market – for now, at least.
The company is working on a 1-for-10 reverse stock split to avoid trouble with the NASDAQ, and hopes to bounce back with such games as Darksiders II, WWE 13 and Company of Heroes 2 on the way, with a new Saints Row and South Park: The Stick of Truth scheduled for next year.
Good luck, guys. Hope things get better…
Published: Jul 24, 2012 03:54 pm