THQ threatened with stock exchange delisting
THQ has received a delisitng warning from the Nasdaq stock exchange. Nasdaq’s minimum listing requirement is for a share price to breach the $1 at least once in a 30 day period. THQ’s price has been below $1 for 30 consecutive days.
The delisting notice means that the publisher now has 180 days (until 23 July, 2012) to sort the issue out and increase its share price above the $1 mark for 10 consecutive days.
It is possible that THQ can continue trading on the Nasdaq if they fail to meet the requirements. However, it will need to make a very convincing case to Nasdaq for that to happen.
THQ is clearly struggling to define a future direction for itself, last week announcing that it had scraped its licensed children’s game division. Their plan seems to be to concentrate on digital and ‘core’ game offerings.