THQ’s not been doing so hotly lately, but this week it received a particularly harsh blow — the NASDAQ stock exchange has issued a delisting warning. For the past thirty days, THQ stock has been trading below a dollar, and it’s faced with the challenge of fixing things sharpish.
The Darksiders and UFC publisher has 180 days (ending July 23) to regain compliance, otherwise it’ll be yanked off the market. In order to stay in favor, THQ will need to get its stock trading above $0.99 for ten consecutive days.
It’s not all over for THQ. It can appeal if delisted, and it can also extend the 180 days if required. Majesco has been in this situation more than once and managed to escape. Still, this is never a great position to be in, and indicates that THQ is in some serious trouble.
Outside of its love of online passes, THQ is one of my favorite publishers. Its commitment to “core” games has always been appreciated, and it’s published some of my top games this generation. That, and I know some terrific people who work there. I personally hope it pulls through.
THQ threatened with NASDAQ delisting [Develop]
Published: Jan 31, 2012 10:15 am