Summary by Futu AI
Verb Technology Company, Inc. (Verb Technology) announced the completion of a reverse stock split following its annual stockholder meeting held on September 26, 2024. The meeting, conducted via live webcast, saw the election of Rory J. Cutaia, James P. Geiskopf, Kenneth S. Cragun, and Edmund C. Moy as directors to serve until the 2025 annual meeting. Stockholders authorized the Board of Directors to implement a reverse stock split at a ratio within the range of 1-for-5 to 1-for-200, at the Board's discretion. Subsequently, the Board decided on a 1-for-200 ratio and filed a Certificate of Amendment with the Nevada Secretary of State on September 27, 2024, to effectuate the reverse split. Additionally, Grassi & CO., CPAs, P.C. was ratified as the independent registered public accounting firm for the fiscal year ending December 31, 2024. The reverse stock split aims to increase the market price of Verb Technology's common stock, potentially improving its marketability and compliance with Nasdaq listing requirements.
