THQ Could Lose Stock Market Listing
Posted by Thomas Whitehead
That's bad, by the way
Not long ago we revealed the positive news that THQ has two secret Wii U titles in the works, with Darksiders II and Metro: Last Light already unveiled for the new console way back at E3 2011. While that's the good news, unfortunately the developer is enduring some serious financial issues.
As reported by Gamasutra, THQ is in danger of being delisted from the Nasdaq stock exchange in July if it can't raise its share price above $1: the stock is currently worth around 70 cents. This follows reports that it's struggling to support its development projects, and confirmation last week that it has decided to stop producing children's licensed games.
While we're not stock market experts here at Nintendo Life, plummeting share prices and a Nasdaq delisting would be very damaging, leading to challenging times for one of Wii U's most enthusiastic supporters.