Verb Tech receives Nasdaq delisting notice for low-priced stock; seeks reverse split approval

TON Strategy Co

Nasdaq notified on Aug 6, 2024 that VERB stock closed below $0.10 for 10 consecutive days, triggering Low Priced Stock Rule.
Company requested a hearing on Aug 12, 2024, automatically staying delisting pending hearing and any extension.
At Sept 26 annual meeting, seeks stockholder approval for reverse stock split (1:5 to 1:200) to regain bid price compliance.
Common stock continues trading under VERB on Nasdaq pending hearing; no assurance of continued listing.

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