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THQ recovers on NASDAQ

THQ regained its standing with NASDAQ today, ensuring the present safety of its stock.

NASDAQ approved the company after its common stock closed at $1 per share or greater for 10 consecutive business days, the minimum period.

Earlier this month, THQ consolidated 68.5 million shares to around 6.9 million, elevating the value of each unit above a dollar. The company had been in danger of delisting since January.

THQ has changed its management in recent months, appointing Naughty Dog co-founder Jason Rubin as its new president in May, an act that replaced Danny Bilson, and assigning Relic Entertainment co-founder Ron Moravek as vice president of production this week.

The company is set to publish Darksiders 2 next month, on August 14, for PS3, Xbox 360, and PC.

Follow @wita on Twitter for tales of superheroes, plumbers in overalls, and literary adventures.

[Eurogamer]

Tags: THQ, NASDAQ

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