THQ Risks Nasdaq Delisting Due to its Ongoing Low Stock Price

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THQTHQ confirmed that on January 25 it was notified by the Nasdaq marketplace that it is at risk of being delisted from the exchange since THQ's stock closed below $1.00 per share for 30 consecutive business days. While not a good sign, this is a common occurrence for struggling companies. The company has 180 days to have the stock close above $1.00 per share for 10 consecutive business days. Even if that doesn't occur, there is still an appeals process to give THQ more time to right its boat.

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This page contains a single entry by Editor published on January 31, 2012 7:14 PM.

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