VERB's Gets Nasdaq's Grant Of 6-Month Extension To Regain Compliance With Bid Price Rule
Portfolio Pulse from Benzinga Newsdesk
Verb Technology Company, Inc. (NASDAQ:VERB) has been granted a 6-month extension by Nasdaq to meet the minimum bid price requirement of $1.00. This extension, valid until October 28, 2024, comes after VERB demonstrated compliance with all other Nasdaq Capital Market listing requirements, except for the bid price. The company has significantly improved its financial position, with a notable increase in shareholder value and cash equivalents, and a reduction in notes payable. VERB's management has successfully recapitalized and restructured the company, positioning it for future success.
May 02, 2024 | 12:25 pm
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Verb Technology Company, Inc. (NASDAQ:VERB) received a 6-month extension from Nasdaq to meet the minimum bid price requirement, reflecting significant improvements in its financial health and operational restructuring.
The extension granted by Nasdaq is a positive signal to investors, indicating VERB's improved financial stability and compliance with market listing requirements. The company's successful restructuring efforts, increased cash position, and reduced debt levels are likely to boost investor confidence and potentially lead to a positive short-term impact on VERB's stock price.
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