TON Strategy Co (TONX): Nasdaq/NYSE listing notice — Verb Technology receives Nasdaq delisting notice for bid price below $1.00

TON Strategy Co

Notice received Nov 2, 2023; common stock bid price below $1.00 for 30 consecutive trading days.
Company has 180 days until April 30, 2024 to regain compliance under Nasdaq Rule 5810(c)(3)(A).
Compliance achieved if bid price closes at $1.00+ for 10 consecutive business days.
If not cured by April 30, 2024, may get additional 180 days if meeting other listing standards.
Company monitoring bid price and evaluating options to cure the deficiency.

Key facts

Extracted from this filing and checked against the source text.

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

TON Strategy Co 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

November 2, 2023, Verb Technology Company, Inc. (the “Company”) received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, because the closing bid price for the Company’s common stock listed on Nasdaq was below $1.00 for 30 consecutive trading days, the Company no longer meets the minimum bid price requirement for continued listing on The Nasdaq Capital Market under Nasdaq Marketplace Rule 5550(a)(2), requiring a minimum bid price of $1.00 per share (the “Minimum Bid Price Requirement”). The notification has n

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Source: SEC EDGAR

accession 0001493152-23-039933

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