Image courtesy of Joystiq
For failing to keep their share price above $1 for 30 consecutive days, video game publisher THQ is facing down a possible de-listing from the Nasdaq electronic stock exchange. Trading consistently below $1 since early this past December, THQ has been given 180 days to restore its stock value. Should the company be unable to maintain the minimum $1 price for ten straight days by July 23rd, their delisting would mean risking credit withdrawals and lowered ratings with credit agencies.
THQ would still have the right to appeal the delisting should they fail to meet the requirements, and the Nasdaq could choose to keep the company on board despite its low trading value. In both cases, an argument would have to be made in THQ’s favor in order for its stock to remain in circulation.
(via MCV)