Verb Technology gets Nasdaq delisting exception until Oct 21; will seek reverse split approval

TON Strategy Co

Nasdaq granted temporary exception until Oct 21, 2024 for Verb to regain compliance with Bid Price Rule.
Company's stock closed below $0.10 for 10 consecutive days, triggering low-priced stock delisting rule.
Annual meeting set for Sep 26, 2024 to vote on reverse stock split in range 1:5 to 1:200.
Company expects to implement reverse split by Oct 2 if non-compliance persists; failure by Oct 21 leads to delisting.
Company will also consider other measures before resorting to reverse split.

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