$Verb Technology (VERB.US)$ In the event the Company fails ...
$Verb Technology (VERB.US)$ In the event the Company fails to achieve compliance by mid-September 2024, it will be required to undertake a reverse stock split to regain compliance. The Company’s annual meeting of stockholders scheduled for September 26, 2024. At the annual meeting, the Company intends to seek the approval of its stockholders to implement a reverse stock split in the range within a range of one-for-five (1-for-5) to a maximum of a one-for-two hundred (1-for-200) by the October 21, 2024 deadline. In the event the Company fails to regain compliance with the Bid Price Rule by October 21, 2024, its securities will be delisted.
However, Company received notice from Nasdaq that the Company had been granted an additional 180-day grace period, or until October 28, 2024, to regain compliance with the Bid Price Rule.
Also note:
Company says it will effect a reverse stock split on or before October 2, 2024, to regain compliance with the Bid Price Rule.
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