THQ holds on to NASDAQ listing

Tuesday, 24 July 2012 11:20 GMT By Patrick Garratt

THQ confirmed today that it’s to keep its NASDAQ listing following a stock consolidation move earlier this month.

Pulling shares together raised the bid price of THQ’s shares, which have now closed at over $1 for more than 10 consecutive business days.

As reported in January, THQ will be dropped from the NASDAQ if get its value above the threshold before July 23.

The publisher was threatened with the action as its share price fell below $1 and stayed there for more than 30 consecutive days.

THQ has had a difficult year, having seen Danny Bilson leaving the company, mass firings and Jason Rubin take over as president.