THQ Announces 1-for-10 Reverse Stock Split

Posted on Jul 2 2012 - 12:29pm by Editorial Staff

The gaming company THQ announced that in its Special meeting of Stockholders dated June 29, 2012, company’s stockholders approved an amendment so as in order to reverse split of its common stock and had fixed the ratio for the reverse stock split at 1-for-10, with now the trading currently expected to commence on the NASDAQ Global Select Market of the opening of trading on Monday, July 9, 2012. The company will trade under the symbol “THQI,” but NASDAQ will likely add the letter “D” to the end of the trading for a period of 20 trading days, indicating the reverse stock split has occurred. Trading is expected to begin with the newly adjusted stock ratio starting July 9th.

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