Fri, Jan 11, 2013 | 15:40 GMT
THQ declines to appeal delisting from Nasdaq
THQ is officially off Nasdaq, according to a recent form 25-NSE SEC filing by the company, as the firm did not appeal the stock market’s decision to delist it.
The filing states that Nasdaq has “removed THQ common stock,” effective at the opening of the trading session on January 22 – which is the day interested parties are expected to bid on its individual assets.
“Based on review of information provided by the company, Nasdaq Staff determined that the company no longer qualified for listing on the Exchange pursuant to Listing Rules 5101, 5110(b), and IM-5101-1,” reads the filing.
“The company was notified of the Staffs determination on December 19. The Company did not appeal the Staff determination to the Hearings Panel, and the Staff determination to delist the Company became final on December 28.”
Nasdaq delisted THQ on January 2, but THQ could have appealed the decision, and it looks as though it chose not to.