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THQ Avoids NASDAQ Delisting

THQ avoided being delisted from NASDAQ after maintaining a closing stock price of $1.00 per share or more for at least 10 days, the publisher said today.

The company announced a 1-for-10 reverse stock split earlier this month, consolidating it shares. THQ recently hired Relic Entertainment co-founder Ron Moravek

Comments
  • I don't know anything about stocks. Would someone explain it to me? What is the significance of being delisted and what does the second paragraph mean?
  • This might be good news, or bad news.
  • That's good news. I really hope that THQ manages to overcome these troubles and get back on track, financially.

  • Good to hear I just hope they catch their stride again and capitalize on the money they'll be making from Darksiders 2, Metro Last Light and the South Park game, and maybe they'll last long enough to release Saints Row 4.

  • **BRAAAHHHH**! I want to see THQ crash 'n' burn. They're just bad, if not worse, than LucasArts.
  • WWE 13 and Saints Row 4 will be the deciding point for this company.. glad they're getting what they deserved.. to mock gamers buying used games, to go in on the DRM requirment mess... all in due time.. but my curse on you THQ is not over yet... clock is ticking.
  • Whoa... I got nothing to say. I like THQ.

  • I hope that they get it together and survive. Saints Row the Third was extraordinarily fun and its a shame to see a game dev suffer.  

  • I'm glad that they are not being delisted that UDraw was a major flop. After that flop THQ said that they were done with creating and publishing kids games. THQ needs to get back on its feet and start cranking out games soon. One of the most celebrated gaming franchises of THQ was Warhammer 40,000. It has a major fan base.

  • no idea what this means.

  • Well I'm really glad for THQ. They need to stay in business and start turning around!

  • It good that they avoided delisting but if DarkSiders II doesn't perform as well as the company is hoping it to this might not last long.

  • I don't see why everyone hates publishers so much, sure they are responsible for a lot of games being cancelled, pushed out the door unfinished, or adding the necessity to buy games new, but without them we wouldn't have the games. Every time a good game comes out, people praise it, even if it was made by THQ, EA, or Activision, but had they not funded it, it wouldn't be there. Now I'm not saying I'm the biggest fan of giant conglomerate publishers, but I see there necessity and will respect them for giving me what I crave.
  • And the guys at Gamestop were wondering why I was apprehensive about putting any money down on Metro: Last Light. Hang in there THQ.

  • That's good for them although I know nothing about nasdaq and delisting and stuff. I just know it isn't good if it happens haha.

  • They got lucky. Hopefully they start to do better.

  • I'd rather not see THQ go under.  Hopefully Mr. Moravek can bring some good changes with him.