THQ, publisher of Saints Row and Darksiders, has been warned that it could be delisted on the Nasdaq stock exchange. The company’s stock, which closed yesterday at $0.70 and is sitting at $0.67 at the time of this writing, needs to sit above $1.00 for ten consecutive days to remain listed. THQ has been given a deadline of July 23 to make it happen.
The company dropped below the Nasdaq threshold on December 8, 2011, continuing a slow decline from a high of $36.16 per share in April of 2007.
This news follows THQ's recent realignment. Over the course of 2011, the company cut a number of underperforming teams and products, including the Red Faction franchise, the MX vs. ATV franchise, Homefront developer Kaos Studios, and much of the uDraw team. Not a good year for THQ at all.
