Nasdaq Threatens to Delist THQ
Saints Row publisher THQ seems to be skating on thin ice. Following recent announcements of closures, layoffs, and rumors of game cancellations, the Nasdaq stock exchange has warned the company that it may soon face delisting.
THQ stock is trading below the minimum of $1, going for $0.70 yesterday and $0.67 as of this morning. Stocks must sit about $1 for ten consecutive days in order for the company to remain listed. The publisher has been given a deadline of July 23, 2012 to bring themselves up to snuff.
As of December 8, 2011, THQ was below the Nasdaq threshold at the end of a slow and steady decline from its high of $36.16 in April 2007.
Hang in there, THQ. Can the company pull themselves back onto their feet?