THQ Regains Compliance With NASDAQ’s Minimum Bid Price Listing Requirement

Posted on Jul 24 2012 - 10:49am by Editorial Staff

The gaming company THQ today announced that it has received notification from NASDAQ (positive of course) saying that the company has regained compliance with the minimum bid price rule so that it can continue its listing on the NASDAQ Global Select Market as bid price of its common stock has closed at $1 per share or greater for at least 10 consecutive business days.

Back in May, the company filed a notice with the US SEC for a June 29 stockholder’s meeting, where company asked its stockholders to allow the company to reverse split of the company’s common stock as the company traded at 0.61 cents that is below what NASDAQ allows.

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Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.