Tuesday, July 24, 2012
THQ Regains NASDAQ Minimum Bid Compliance
Agoura Hills-based videogame maker THQ reported this morning that it has regained compliance with the minimum bid price rule for continued listing on the NASDAQ Global Select Market. THQ had been hovering below the $1.00 per share mark, the point which puts the company at risk for a downgraded listing or delisting of its stock by the NASDAQ, before it implemented a 1-for-10 reverse stock split on July 9th, which solved that issue for the embattled company. Prior to the split, the firm's stock had been trading around the $0.50 mark. The company's split adjusted price is now trading around $5.16.