THQ Stays NASDAQ Listed Thanks to Reverse Stock Split

Posted Tue Jul 24, 2012 at 12:30 PM PDT by Dick Ward

The company isn’t out of trouble yet, but this is a nice start.

Not too far back, THQ got a notice that the company was in danger of being delisted by NASDAQ, which would be a big blow to the company. Thankfully, that didn’t happen, and THQ was able to stave off the danger of delisting.

They accomplished this by a reverse stock split, consolidating 70 million shares of stock into 7 million, thereby raising stock prices to $5.16. THQ has ‘Darksiders 2’ coming out in just a few weeks – a game that they’re hoping will help get them back on track.

Source: Joystiq

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Tags: THQ, Darksiders, Darksiders 2 (all tags)