Senshudo

THQ Stock Listing Saved

By David West on 29/04/2024 21:49 UTC

THQ has avoided delisting from the New York NASDAQ exchange.

THQ was in danger due to their stock price dropping below $1. With a reverse stock split, and other maneuvers, THQ succeeded in staying above $1 for 10 consecutive days. Failure to do so would be disasterous to the company, which had taken losses due to its games other than WWE 12 and UFC: Unleashed 3. In order to raise capital, THQ sold off its UFC division to EA before E3.

More information can be found at http://www.gamesindustry.biz/articles/2012-07-24-thq-avoids-nasdaq-delisting