Verb Technology Faces Delisting Concerns
Ticker: TONX · Form: 8-K · Filed: Oct 7, 2024 · CIK: 1566610
Sentiment: bearish
Topics: delisting, listing-standards, regulatory-filing
TL;DR
Verb Tech might get delisted, check their listing status ASAP!
AI Summary
Verb Technology Company, Inc. filed an 8-K on October 7, 2024, reporting a notice of delisting or failure to satisfy a continued listing rule. The earliest event reported was on October 2, 2024. The company was formerly known as nFusz, Inc., BBOOTH, INC., and Global System Designs, Inc.
Why It Matters
This filing indicates potential issues with Verb Technology Company's continued listing on an exchange, which could significantly impact its stock trading and investor confidence.
Risk Assessment
Risk Level: high — A notice of delisting or failure to meet listing standards poses a significant risk to the company's ability to remain publicly traded.
Key Players & Entities
- Verb Technology Company, Inc. (company) — Registrant
- nFusz, Inc. (company) — Former company name
- BBOOTH, INC. (company) — Former company name
- Global System Designs, Inc. (company) — Former company name
- October 2, 2024 (date) — Earliest event reported
- October 7, 2024 (date) — Filing date
FAQ
What specific listing rule or standard has Verb Technology Company, Inc. failed to satisfy?
The filing does not specify the exact rule or standard that was not met, only that a notice of delisting or failure to satisfy a continued listing rule or standard has been issued.
What is the date of the earliest event reported in this 8-K filing?
The earliest event reported is dated October 2, 2024.
When was this 8-K form filed with the SEC?
This 8-K form was filed on October 7, 2024.
What were some of Verb Technology Company, Inc.'s previous names?
Verb Technology Company, Inc. was formerly known as nFusz, Inc., BBOOTH, INC., and Global System Designs, Inc.
What is the company's state of incorporation and IRS Employer Identification Number?
The company is incorporated in Nevada and its IRS Employer Identification Number is 90-1118043.
Filing Stats: 497 words · 2 min read · ~2 pages · Grade level 12.3 · Accepted 2024-10-07 17:00:11
Key Financial Figures
- $0.0001 — ch registered Common Stock, par value $0.0001 VERB The Nasdaq Stock Market LLC
Filing Documents
- form8-k.htm (8-K) — 35KB
- 0001493152-24-040317.txt ( ) — 204KB
- verb-20241002.xsd (EX-101.SCH) — 3KB
- verb-20241002_lab.xml (EX-101.LAB) — 33KB
- verb-20241002_pre.xml (EX-101.PRE) — 24KB
- form8-k_htm.xml (XML) — 4KB
From the Filing
UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 2, 2024 Verb Technology Company, Inc. (Exact Name of Registrant as Specified in Charter) Nevada 001-38834 90-1118043 (State or Other Jurisdiction (Commission (IRS Employer of Incorporation) File Number) Identification No.) 3024 Sierra Juniper Court Las Vegas , Nevada 89138 (Address of Principal Executive Offices) (Zip Code) Registrant's Telephone Number, Including Area Code: (855) 250-2300 (Former Name or Former Address, if Changed Since Last Report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2. below): Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $0.0001 VERB The Nasdaq Stock Market LLC Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. As previously disclosed in the current report on Form 8-K filed by Verb Technology Company, Inc. (the "Company"), on September 4, 2024, and amended on September 6, 2024, on August 28, 2024, the Company received a notice from the Nasdaq Stock Market that, based upon its review of the written record, The Nasdaq Hearing Panel (the "Panel") had granted the Company a temporary exception until October 21, 2024 to, effect a reverse stock split of its common stock and thereafter regain compliance with Nasdaq Listing Rule 5550(a)(2). On October 2, 2024, the Panel amended the exception granted by the Company to provide that the Company has until October 22, 2024, to effect a reverse stock split to regain compliance with Nasdaq Listing Rule 5550(a)(2). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: October 7, 2024 VERB TECHNOLOGY COMPANY, INC. By: /s/ Rory J. Cutaia Name: Rory J. Cutaia Title: President and Chief Executive Officer