THQ Delisted from NASDAQ Stock Exchange
THQ is no longer traded on the NASDAQ stock exchange. Following its bankruptcy filing in December, THQ stock has fallen to 23 cents per share as of this writing and will be represented by new stock symbol THQIQ (it was previously traded under the symbol THQI).
THQ stock will now be traded OTC (over the counter). As explained by Gamasutra, that means “THQ’s stock is not listed on an exchange, and is instead traded over the telephone and electronically, rather than on a physical trading floor.”
THQ previously enacted a reverse split of its stock to avoid being delisted by NASDAQ, which requires a minimum share price of $1.00. It won’t be a concern for long, though, as given THQ’s new deal with Clearlake Capital Group, it will soon become a private company and its stock will no longer be traded.
Andrew Goldfarb is IGN’s associate news editor. Keep up with pictures of the latest food he’s been eating by following @garfep on Twitter or garfep on IGN.