THQ avoids NASDAQ delisting after reverse stock split.

THQ Nordic News

While THQ has had its share of bad news lately, it seems that the company has avoided being delisted from the NASDAQ (stock market) by performing a reverse stock split. Last week the stockholders met and approveda ten to one reverse stock split. This has condensed THQ’s 70 million stocks down to only 7 million stocks, raising their value from $0.62 to $6.20.

The stock split will go into effect next Monday and it will raise the price well over the minimum $1 required. Now whether or not the company will manage to keep their stock price over $1 will be a question for the future. If you want to help out THQ well, their next game, Darksiders 2, will be released on August 14th.

As a big fan of anime and games I'll be quick to cover anything that happens to be of interest.

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