8K out Item 8.01 Other Events. As previously dis
Post# of 32626
Item 8.01 Other Events.
As previously disclosed, on November 2, 2023,Verb Technology Company, Inc. (the “Company”) received a letter from the Nasdaq Listing Qualifications Department of the
Nasdaq Stock Market (the “Nasdaq”) indicating that the Company was not in compliance with Nasdaq Listing Rule 5550(a)(2) because the closing bid price per share for the
Company’s common stock had closed below $1.00 for the previous 30 consecutive business days (the “Bid Price Rule”). The Company was given until April 30, 2024, to
regain compliance with the Bid Price Rule.
On May 1, 2024, the Company received notice from Nasdaq that the Company has been granted an additional 180-day grace period, or until October 28, 2024, to regain
compliance with the Bid Price Rule. To regain compliance with the Bid Price Rule and qualify for continued listing on the Nasdaq Capital Market, the minimum bid price per
share of the Company’s common stock must be at least $1.00 for at least 10 consecutive business days on or prior to October 28, 2024. If the Company fails to regain
compliance during the additional compliance period, then Nasdaq will notify the Company of its determination to delist the Company’s common stock, at which point the
Company would have an opportunity to appeal the delisting determination to a Nasdaq Listing Qualifications Panel.
On May 2, 2024, the Company issued a press release announcing it has received an additional 180-day extension to continue its listing on the Nasdaq Capital Market. A copy of