Verb Technology Company, Inc. (Verb Technology) has announced the filing of a preliminary proxy statement with the SEC, proposing a reverse stock split. The reverse stock split is intended to increase the per-share price of Verb Technology's common stock to regain compliance with Nasdaq's minimum bid price requirement. The proposed amendment to the company's articles of incorporation would allow for a reverse stock split at a ratio within the range of one-for-five (1-for-5) to one-for-two hundred (1-for-200), to be determined by the board of directors. The amendment is subject to stockholder approval, and if approved, the reverse stock split would be effective upon filing with the Secretary of State of Nevada. The company's board reserves the right to abandon the reverse stock split if it's deemed no longer in the best interest of the company or its stockholders.

Verb Technology Company, Inc. (Verb Technology) has announced the filing of a preliminary proxy statement with the SEC, proposing a reverse stock split. The reverse stock split is intended to increase the per-share price of Verb Technology's common stock to regain compliance with Nasdaq's minimum bid price requirement. The proposed amendment to the company's articles of incorporation would allow for a reverse stock split at a ratio within the range of one-for-five (1-for-5) to one-for-two hundred (1-for-200), to be determined by the board of directors. The amendment is subject to stockholder approval, and if approved, the reverse stock split would be effective upon filing with the Secretary of State of Nevada. The company's board reserves the right to abandon the reverse stock split if it's deemed no longer in the best interest of the company or its stockholders.