VERB Regains Compliance with Nasdaq Minimum Bid Price Requirement
May 04 2023 - 8:30AM
Verb Technology Company, Inc. (Nasdaq:
VERB) ("VERB" or the "Company"), the leader in interactive
video-based sales-enablement applications, including MARKET.live,
its livestream social shopping platform, today announced that it
has regained compliance with Nasdaq’s listing requirements.
The Company received a notification letter from the Listing
Qualifications Department of the Nasdaq Stock Market, informing the
Company that it has regained compliance with the minimum bid price
requirement set forth in Nasdaq Listing Rule 5550(a)(2).
As previously disclosed, on May 12, 2022, Nasdaq notified the
Company that its common stock failed to maintain a minimum bid
price of $1.00 over the previous 30 consecutive business days as
required by the Listing Rules of The Nasdaq Stock Market. Since
then, Nasdaq has determined that for the 10 consecutive business
days from April 19 through May 2, 2023, the closing bid price of
the Company’s common stock has been at $1.00 per share or greater.
Accordingly, the Company has regained compliance with Listing Rule
5550(a)(2), and this matter is now closed.
About VERBVerb Technology
Company, Inc. (Nasdaq: VERB), the market leader in interactive
video-based sales applications, transforms how businesses attract
and engage customers. The Company’s MARKET.live platform is a
multi-vendor, presenter, livestream social shopping destination at
the forefront of the convergence of ecommerce and entertainment,
where hundreds of retailers, brands, creators and influencers can
monetize their base of fans and followers across social media
channels. The Company’s Software-as-a-Service, or SaaS, platform is
based on its proprietary interactive video technology, is comprised
of a suite of sales enablement business software products offered
on a subscription basis. Its software applications are used by
hundreds of thousands of people in over 100 countries and in more
than 48 languages. VERB’s clients include large sales-based
enterprises as well as small business sales teams, including the
sales and marketing departments of professional sports teams. With
approximately 75 full-time employees, the Company is headquartered
in Lehi, Utah, and it also maintains offices in Newport Beach,
California.
For more information, please visit:
www.verb.tech.
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FORWARD-LOOKING STATEMENTS
This communication contains “forward-looking
statements” as that term is defined in the Private Securities
Litigation Reform Act of 1995. Forward-looking statements involve
risks and uncertainties and include, without limitation, any
statement that may predict, forecast, indicate or imply future
results, performance or achievements, and may contain words such as
“anticipate,” “expect,” “project,” “plan,” or words or phrases with
similar meaning. Forward-looking statements contained in this press
release relate to, among other things, the Company's projected
financial performance and operating results, including SaaS
Recurring Revenue, as well as statements regarding the Company's
progress towards achieving its strategic objectives, including the
successful integration and future performance of acquisitions.
Forward-looking statements are based on current expectations,
forecasts and assumptions that involve risks and uncertainties,
including, but not limited to the COVID-19 pandemic and related
public health measures on our business, customers, markets and the
worldwide economy; our plans to attract new customers, retain
existing customers and increase our annual revenue; the development
and delivery of new products; our plans and expectations regarding
software-as-a-service offerings; our ability to execute on,
integrate, and realize the benefits of any acquisitions;
fluctuations in our quarterly results of operations and other
operating measures; increasing competition; general economic,
market and business conditions. If any of these risks or
uncertainties materialize, or if any of our assumptions prove
incorrect, our actual results could differ materially from the
results expressed or implied by these forward-looking statements.
Investors are referred to our filings with the Securities and
Exchange Commission, including our Annual Reports on Form 10-K and
Quarterly Reports on Form 10-Q, for additional information
regarding the risks and uncertainties that may cause actual results
to differ materially from those expressed in any forward-looking
statement. All forward-looking statements in this press release are
based on information available to us as of the date hereof, and we
do not assume any obligation to update the forward-looking
statements provided to reflect events that occur or circumstances
that exist after the date on which they were made, except as
required by law.
Investor Relations
Contact:investors@verb.techMedia
Contact:info@verb.tech
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