THQ avoid Nasdaq delisting, recovery continues
The Nasdaq stock exchanged has told the publisher that it is back within compliance rules and that it is no longer facing the possibility of delisting.
In January THQ were threatened with being taken off of the exchange because its share price had fallen below the minimum allow price per share. The company were given 180 days to get the price back to acceptable levels, which was achieved by reducing the total number of shares – thus increasing the value of the remainder.
Given the financial situation THQ finds itself in, this news will come as a massive boost and is a very positive step on the road to a full recovery.
THQ has announced that it’s future plan is to release fewer, but higher quality, products. Company of Heroes 2, Darksiders 2 and South Park: The Stick of Truth are among its upcoming games.