regulatory
confidence high
sentiment negative
materiality 0.70
Nasdaq grants Verb Technology temporary exception until Oct 21 to avoid delisting via reverse split
TON Strategy Co
- Share price below $0.10 for 10 consecutive days ended Aug 5 triggered delisting notice.
- Panel granted exception until Oct 21 if reverse stock split completed by Oct 2.
- Annual meeting Sep 26 seeks shareholder approval for reverse split ratio 1:5 to 1:200.
- Failure to regain compliance by Oct 21 will result in delisting of VERB and VERBW.
- Company prefers other measures but will implement reverse split if needed.