Summary by Moomoo AI
Verb Technology Company, Inc., listed on The Nasdaq Stock Market under the trading symbol VERB, has been granted an extension by The Nasdaq Hearing Panel to comply with the Nasdaq Listing Rule 5550(a)(2). The company was initially given a deadline until October 21, 2024, to effect a reverse stock split of its common stock to meet the listing requirements. However, on October 2, 2024, the Panel extended this deadline by one day, allowing Verb Technology until October 22, 2024, to complete the reverse stock split. This extension follows the company's previous disclosures in Form 8-K filed on September 4, 2024, and amended on September 6, 2024, after receiving the initial notice from Nasdaq on August 28, 2024. The announcement was made by Rory J. Cutaia, the President and Chief Executive Officer of Verb Technology.
