VERB to reverse split shares to retain Nasdaq listing
Nikada/E+ via Getty Images Verb Technology (NASDAQ:VERB) said on Friday that its stockholders voted to authorize the board to institute a 1-for-200 reverse stock split of its common stock shares, which will begin trading on a split-adjusted basis from October 9, 2024. The company expects that the reverse stock split will increase the market price per share of the common stock, bringing the company into compliance with Nasdaq’s minimum bid price listing requirement. Verb Technology (VERB) shares were down 4.70% in post market trading on Friday.
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