Verb Technology Company, Inc. has received a temporary exception from the Nasdaq Hearing Panel to effect a reverse stock split by October 21, 2024, in order to regain compliance with the Nasdaq Listing Rule 5550(a)(2), which requires a minimum bid price of $1.00 per share. The company's common stock had been trading below this threshold for 30 consecutive business days, leading to a notice of non-compliance on November 2, 2023. Verb Technology was initially given until April 30, 2024, to address the issue and subsequently received an additional 180-day grace period. After the stock price fell below $0.10 per share for 10 consecutive days, the company was notified of potential delisting and requested a hearing to appeal the decision. The hearing date is set, and the company has...Show More

Verb Technology Company, Inc. has received a temporary exception from the Nasdaq Hearing Panel to effect a reverse stock split by October 21, 2024, in order to regain compliance with the Nasdaq Listing Rule 5550(a)(2), which requires a minimum bid price of $1.00 per share. The company's common stock had been trading below this threshold for 30 consecutive business days, leading to a notice of non-compliance on November 2, 2023. Verb Technology was initially given until April 30, 2024, to address the issue and subsequently received an additional 180-day grace period. After the stock price fell below $0.10 per share for 10 consecutive days, the company was notified of potential delisting and requested a hearing to appeal the decision. The hearing date is set, and the company has submitted a plan that includes a potential reverse stock split, if necessary, by October 2, 2024. The company is seeking stockholder approval for the reverse stock split at its annual meeting on September 26, 2024. If compliance is not achieved by mid-September, the reverse stock split will be implemented to meet the October 21 deadline. Failure to comply by this date will result in delisting of the company's securities.