June 14, 1994
T-HQ Inc., the Calabasas publisher of video game software, said it has raised about $4.8 million through the sale of 8 million units to private investors. The units consist of one share of common stock, and a warrant to purchase one-half share of common stock of the company at $1 per share. Proceeds will be used to repay bank debt, and for product development, including further work on a modem to allow video game players to compete over the telephone.
July 26, 1994
T-HQ Inc., a Calabasas entertainment software firm, has filed with the Securities and Exchange Commission for an additional common stock and warrants offering that may raise up to $8 million. The company develops software used with Sega and Nintendo video games. Proceeds from the offering will be used in part for working capital.
CALIFORNIA | LOCAL
July 27, 1999
T HQ Inc., Calabasas, was added to the small-cap Russell 2000 Index effective July 1. The index represents the 2,000 smallest stocks in the Russell 3000 Index, with market capitalization ranging from $178.2 million to $1.3 billion. T HQ develops, publishes and distributes interactive entertainment software for a variety of hardware platforms, including PC CD-ROM.
February 23, 1993
Calabasas-based T.HQ Inc., which makes entertainment software for video games, has arranged a $30-million loan from BNY Financial Group, a subsidiary of the Bank of New York. T.HQ makes video games based on television programs and films, including "The Ren and Stimpy Show" and "Home Alone 2: Lost in New York."
March 26, 1996
T-HQ Inc., a Calabasas-based interactive entertainment software publisher, has released its first product designed for the Sony PlayStation. The PlayStation version of "In the Hunt" is based on the arcade game of the same name. T-HQ said it would release the Sega Saturn version of the game in April. The PlayStation and Saturn games mark T-HQ's move into next-generation interactive systems. However, the company said it will continue to publish games for the established Nintendo and Sega systems.
May 17, 1994
T-HQ Inc., a Calabasas publisher of software for Nintendo and Sega video games, reported a first-quarter loss of $2.56 million, compared with a profit of $398,000 a year earlier. Revenues in the three months that ended March 31 were $5.03 million, down 58% from $12.03 million in the first quarter of 1993. The company attributed the loss to its efforts to sell inventory to raise cash and a decrease in software sales.