THQ Featurebanner 03 Jan

Gamasutra reports that the recently bankrupted publisher THQ has been delisted from the Nasdaq stock  exchange until the announced bankruptcy deal has been set in motion. More details are included after the jump.

Even though the stock has been delisted, it can still be traded outside the regular channels under the name THQIQ. However, once the deal between THQ and Clearlake Capital Group, the new owner of the company, is approved in court, the company will return to the status of a private company and all stock will be taken off the market.

THQ was threatened early last year with delisting from the stock exchange, for failing to keep its share prices above the required $1 a piece. The company managed to avoid this from happening at the time, by merging existing shares and thus increasing the price artificially.