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FEATURED VOXPOP nick_olsen
Welcome home, Mario; we’ve missed you!
By nick_olsen
Posted on 05/13/13
[ Editor's Note: As Nick Olsen is a writer for Theory of Gaming, this won't be counted in the monthly Vox Pop prize. However, it is very much a worthy read. ] By Nick Olsen Co-founder, Theory of Gaming In 1985 Nintendo started a revolution when it...

Home News THQ No Longer In Danger Of NASDAQ Delisting, For Now

GAMING NEWS

THQ No Longer In Danger Of NASDAQ Delisting, For Now

Posted on Tuesday, July 24 @ 13:37:00 Eastern by


NASDAQ has sent notification to THQ that the company is now in compliance with the minimum bid price rule, which means that they won't be delisted from NASDAQ.

More specifically, THQ has closed at a minimum of $1.00 per share for 10 consecutive business days, mainly by doing a 10-to-one reverse stock split which at the time of the approved action meant that their 70 million stock units valued at $0.62 turned into 7 million stock units valued at $6.20.

THQ has recently assigned Jason Rubin as the new president and Ron Moravek as Executive Vice President of Production. Hopefully, their upcoming game Darksiders 2, released on August 14, will see a return to THQ's better days.
Related Games:   Darksiders II
Tags:   THQ, Darksiders


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Comments
  • LinksOcarina
    LinksOcarina
    Joined: Nov 2005
    Posted: Jul 24th, 2012 at 1:40 pm
    The title should be "no longer"...not, "not longer", Nick :P.
    1 1
  • Chunibrow
    Chunibrow
    Joined: Mar 2010
    Posted: Jul 24th, 2012 at 11:36 pm
    I don't know who thumbs downed you, I also appreciate proof-reading.
    0 0
  • Chunibrow
    Chunibrow
    Joined: Mar 2010
    Posted: Jul 24th, 2012 at 2:22 pm
    63 million shares down the trash... like saying "we removed your gangrenous arms so you can still be in the race!'
    0 0
  • Herb211
    Herb211
    Joined: May 2009
    Posted: Jul 24th, 2012 at 10:04 pm
    ...lets put all our eggs in this basket, because the first one went so well....
    0 0

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