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THQ has avoided a delisting on NASDAQ following a one for 10 reverse stock split.
This move - detailed on the publisher's investor page - consolidates THQ's 68.5 million shares to approximately 6.9 million, raising the value of each unit of common stock to well over one dollar.
THQ has been in danger of a delisting since January after its stock fell under the one dollar mark for over 30 days. In order to avoid this, it needs to raise its stock value to over one dollar and keep it there for 10 consecutive days before 23rd July.
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This move - detailed on the publisher's investor page - consolidates THQ's 68.5 million shares to approximately 6.9 million, raising the value of each unit of common stock to well over one dollar.
THQ has been in danger of a delisting since January after its stock fell under the one dollar mark for over 30 days. In order to avoid this, it needs to raise its stock value to over one dollar and keep it there for 10 consecutive days before 23rd July.
Read more…
More...