In an update to investors, publisher THQ has confirmed that they have dodged their reverse stock split action has proved successful and the company has avoided the perilous de-listing from the NASDAQ Global Select Market.

[THQ] has received notification from NASDAQ that it has regained compliance with the minimum bid price rule for continued listing on The NASDAQ Global Select Market because the bid price of its common stock has closed at $1.00 per share or greater for at least 10 consecutive business days

The outcome is obviously good news for investors, as well as gamers looking forward to THQ's upcoming titles.

The publisher's broad restructuring has resulted in the closure of several subsidiary studios, with the company now directing their focus on core-gamer oriented titles, and less on the casual/family and licensed games.

Currently in the pipeline for THQ is WWE '13, Darksiders 2 and a Warhammer 40,000 RPG at Vigil Games, Obsidian Entertaint's South Park: The Stick of Truth, Saints Row: Enter the Dominatrix at Volition, Homefront 2 at Crytek UK, Relic Entertainment's Company of Heroes 2, Metro: Last Light from 4A Games, a title involving film-director Guillermo Del Toro titled InSane, and another yet-to-be-revealed project helmed by Assassin's Creed alum Patrice Désilets at THQ Montreal.