NASDAQ Threatens to Delist THQ

The NASDAQ stock exchange has warned publisher THQ that it is in danger of being delisted. NASDAQ warned the publisher because it has failed to meet certain requirements of the exchange such as keeping its stock trading at or above $1 for 30 consecutive days. The $1 trade price is a minimum requirement of the exchange, along with having a certain amount of capital on hand.

The company has been given 180 days (until July 23) to address the issue and boost its share price. It must maintain a $1+ level for ten consecutive business days. The company has failed to trade above $1 since the beginning of December.

If THQ fails to meet the aforementioned requirements in the time frame already detailed it will be delisted, though THQ will have the right to appeal the decision.

We will let you know how it turns out for the company.

Source: MCV

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