Summary by Futu AI
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