Verb Technology Company, Inc. (Verb Technology) has announced that it is facing potential delisting from the Nasdaq due to non-compliance with the exchange's Bid Price Rule. The rule requires the company's common stock to maintain a minimum closing bid price of $1.00, which Verb Technology failed to meet for 30 consecutive business days. The company was initially given until April 30, 2024, to regain compliance but received an additional 180-day grace period until October 28, 2024. However, on August 6, 2024, Verb Technology was notified that its stock price had fallen below $0.10 per share for 10 consecutive trading days, triggering the Low Priced Stock Rule and risking delisting. The company has requested a hearing with the Nasdaq Hearings Panel to address the issue, which has stayed...Show More

Verb Technology Company, Inc. (Verb Technology) has announced that it is facing potential delisting from the Nasdaq due to non-compliance with the exchange's Bid Price Rule. The rule requires the company's common stock to maintain a minimum closing bid price of $1.00, which Verb Technology failed to meet for 30 consecutive business days. The company was initially given until April 30, 2024, to regain compliance but received an additional 180-day grace period until October 28, 2024. However, on August 6, 2024, Verb Technology was notified that its stock price had fallen below $0.10 per share for 10 consecutive trading days, triggering the Low Priced Stock Rule and risking delisting. The company has requested a hearing with the Nasdaq Hearings Panel to address the issue, which has stayed any delisting action until the hearing and any potential extension period concludes. Verb Technology's common stock continues to trade under the symbol 'VERB' during this period. Additionally, the company has filed a preliminary proxy statement for its annual stockholders' meeting on September 26, 2024, where it plans to seek approval for a reverse stock split to regain compliance with Nasdaq's bid price requirement.