Publisher THQ is sitting in some pretty hot water, as NASDAQ has given them 180 to raise their shares above $1, which the Saint’s Row publisher has failed to do for 30 consecutive days. THQ has until July 23rd to boost their shares above $1 and maintain that price for 10 consecutive business days. 
 
In the event of a de-listing, THQ has the right to file an appeal. In addition, NASDAQ also has the power to maintain THQ’s listing even if the goals are not met, though it would be up to THQ to convince NASDAQ why they should remain listed.
 
It’s been an interesting couple of weeks for the troubled publisher, with the most recent news being a switch from casual games to a renewed focus on core games.
 
This switch in focus followed the rumored announcement that THQ had cancelled an entire slate of projects and was up for sale.
 
SOURCE | MCV