VerifyMe, Inc. (VRME): Nasdaq/NYSE listing notice — VerifyMe receives Nasdaq delisting notice for bid price below $1.00

VerifyMe, Inc.

Nasdaq notified VerifyMe (VRME) that its common stock bid price closed below $1.00 for 30 consecutive business days, violating Listing Rule 5550(a)(2).
Company has until June 25, 2025 to regain compliance by maintaining a closing bid price of $1.00+ for at least 10 consecutive business days.
If not compliant by June 25, 2025, VerifyMe may qualify for a second 180-day period if it meets other listing requirements.
Failure to cure could result in delisting, with the right to appeal to a Nasdaq hearings panel.
No immediate effect on listing; company is monitoring bid price and evaluating options.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

VerifyMe, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2), 5810(c)(3)(A)

Exact text from the filing

December 27, 2024, VerifyMe, Inc. (the “Company”) received a letter from the Listing Qualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that, based upon the closing bid price of the Company’s common stock for the last 30 consecutive business days, the Company no longer meets Nasdaq Listing Rule 5550(a)(2), which requires listed companies to maintain a minimum bid price of at least $1 per share. Nasdaq Listing Rule 5810(c)(3)(A) provides a compliance period of 180 calendar days, or until June 25, 2025, in which to regain compliance with the minimum bid price requirement.

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VerifyMe, Inc. filing history →

Source: SEC EDGAR

accession 0001214659-24-021074

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