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THQ Delisted from Nasdaq Exchange
Embattled publisher THQ has suffered another blow having been delisted from the Nasdaq stock exchange during the holidays, as reported by Gamasutra.
The company is now registered on Over the Counter (OTC) Markets – meaning shares are no longer listed and are traded electronically or by telephone rather than on the exchange floor – the firm is now trading as THQIQ instead of THQI. The delisting follows THQ’s filing for Chapter 11 bankruptcy protection late last year.
If the agreement to see THQ’s leave liquidation is approved by the courts THQ would be privately owned and not traded at all.
Jason Rubin, THQ’s CEO, called the company’s Chapter 11 action a “new start” for the company.