Game database:   #ABCDEFGHIJKLMNOPQRSTUVWXYZ         ALL     Xbox One     PS4     360     PS3     WiiU     Wii     PC     3DS     DS     PS Vita     PSP     iOS     Android


THQ gets stock delisting warning as money troubles grow


10:15 AM on 01.31.2012
THQ gets stock delisting warning as money troubles grow photo



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]

 






Comments not appearing? Anti-virus apps like Avast or some browser extensions can cause this.
Easy fix: Add   [*].disqus.com   to your software's white list. Tada! Happy comments time again.

Did you know? You can now get daily or weekly email notifications when humans reply to your comments.







Industry Bull

7:00 AM on 02.26.2015
PlayStation led consoles to $263M in digital sales in January

SuperData has expounded on its general reporting of digital sales in the United States videogame industry -- collectively $1.1 billion worth in the month of January -- with specific details on the console-side of the digital market. Here's the breakdown of the $263 million made in worldwide digital console sales in January.more



5:00 PM on 02.24.2015
Crystal Dynamics: Tomb Raider partnership with Microsoft began in 2008

At gamescom 2014, Rise of the Tomb Raider caused waves when it was revealed to be an Xbox exclusive. Well, sort of an exclusive. More like a timed exclusive. But, regardless of the confusion surrounding the announce...more



12:30 PM on 02.23.2015
Windows Store selling fake versions of Darkest Dungeon

There's a new app version of Red Hook Studios' groundbreaking roguelike Darkest Dungeon. Currently it's up for grabs on Microsoft's highly reputable Windows Store at the reasonable price point of only...more



View all Industry Bull






Back to Top




All content is yours to recycle through our Creative Commons License permitting non-commercial sharing requiring attribution. Our communities are obsessed with videoGames, movies, anime, and toys.

Living the dream since March 16, 2006

Advertising on destructoid is available: Please contact them to learn more