2 Feb, 2012
Just last week, THQ made the announcement that it would be moving away from licensed childrens’ games and focusing more on their successful franchises like Saints Row. Well, that might have been a good idea, but now the publisher is facing even bigger problems.
Earlier this week, THQ was warned that it may face a de-listing from the Nasdaq stock exchange. The warning was issued after THQ’s company shares failed to top the $1.00 USD range for more than thirty consecutive days. In order to continue their listing, they must bring their share prices above the $1.00 mark.
The de-listing isn’t effective immediately — THQ has 180 days, or until July 23rd, to make amends. While some may think the publisher may be in a more stable place, its finances are a nightmare. Last month, THQ quickly squashed rumors that the company had canceled its entire 2014 launch calendar in preparation for being sold to another company, but speculation still remains as to whether the publisher is healthy enough to continue onwards. Hopefully the future will start to brighten up a little for the struggling publisher.
Via MCV.
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