Please login for More access options on the forum Like Hidden Forums, Creating/customizing your Profile, Posting,Voting, + more!!!

If you don't have a login.. Please Register. Its free. So come have some fun and enjoy M4G.

Marked4Gaming is a Entertainment forum for all your Gaming, Entertainment, News and Coding needs.
HomeSearchRegisterLog in

Share | 

 THQ reshuffles stock to avoid Nasdaq delisting

Go down 
Media Team
Media Team

Posts : 27

PostSubject: THQ reshuffles stock to avoid Nasdaq delisting   Mon Jul 02, 2012 11:16 am

THQ has enacted a 10-1 reverse split of its common stock in attempt to prevent delisting from the Nasdaq stock exchange.

Although the company hopes the move will cause share prices to rise above the $1 threshold required of all listed companies, it has also admitted there are no guarantees this will happen.

"There can be no assurance that the reverse stock split will have the desired effect of raising the closing bid price of THQ's common stock to above $1.00 per share to meet this requirement," the company said in a statement.

In May THQ announced that Naughty Dog co-founder Jason Rubin has been appointed as President of the publisher, effective immediately, following the departure of Danny Bilson.

Following the appointment THQ has downsized its operations by shedding licenses, such as the UFC, and offloading publishing duties onto third-parties.

[You must be registered and logged in to see this image.]
Back to top Go down
THQ reshuffles stock to avoid Nasdaq delisting
Back to top 
Page 1 of 1

Permissions in this forum:You cannot reply to topics in this forum
Marked4Gaming :: General Forums :: Game News-
Jump to: