THQ dodges NASDAQ stock delisting

There's a ray of light in THQ's financial crisis, as the developer and publisher today announced it's confirmed with NASDAQ that its stock price has improved enough to avoid delisting. In January, THQ was given 180 days to get its stock holding above $1 for ten days or it'd be kicked off the stock market.

The improved price wasn't because everything suddenly got all rosy at THQ, though; the company pulled off a 1-for-10 reverse stock split earlier this month, decoupling the value of each share.

THQ's attempts to turn its fortunes around have including closing several studios, selling off its budget software division, appointing a new president, and dropping the doubtless price UFC rights. Game-wise, it's focusing out putting out solid, quality games it can rely on to make a profit, merging Saints Row: The Third's standalone expansion Enter the Dominatrix into Saints Row 4, turning the Warhammer 40,000 MMORPG into a regular RPG, dropping Devil's Third, and delaying several games for polish.

We'll get to see just how effective this has all been soon. The company is set to report its financial results for the first quarter of its fiscal year on August 6.