THQ has been delisted from the NASDAQ stock exchange.
This follows the news of THQ filing for bankruptcy in December. THQs stock shares currently sit at 23 cents per share at the moment with the new stock symbol being THQIQ instead of THQI which it was originally labelled under.
A previous attempt to avoid being delisted, THQ reverse split its stock which needed the minimum share price to sit at the $1.00 mark. THQ now has to have its stock traded OTC or “over the counter” meaning that THQ’s stock will no longer be traded on the trading floor and will instead be traded over the phone and through other electronic means. Following a deal with Clearlake Capital Group, THQ will now become a private company and will thus not see its stock traded anymore.
George Sinclair is an editor for Analog Addiction, the home of the latest news, reviews and previews. You can follow George on Twitter and his blog on IGN. Don’t forget to follow the OFFICIAL Analog Addiction Twitter!