VERB Stockholders Vote To Reverse Split VERB Shares To Retain Nasdaq Listing

Core Viewpoint - Verb Technology Company, Inc. has announced a 1-for-200 reverse stock split, which will take effect on October 9, 2024, to comply with Nasdaq's minimum bid price requirement [1][6]. Group 1: Reverse Stock Split Details - The stockholders voted to authorize the Board of Directors to implement a reverse stock split within a range of 1-for-5 to 1-for-200 [2][4]. - The total number of common stock shares will decrease from approximately 152,645,986 to about 763,230 shares following the split [5]. - The reverse stock split will not affect stockholders' percentage of ownership, except for rounding adjustments for fractional shares [8]. Group 2: Stockholder Participation - A total of 61,709,221 shares were represented at the Annual Meeting, out of 145,597,352 shares entitled to vote [3]. - A significant majority of stockholders approved the reverse stock split proposal [4]. Group 3: Market Compliance - The reverse stock split is expected to increase the market price per share, helping the company meet Nasdaq's $1.00 minimum bid price listing requirement [6]. Group 4: Shareholder Actions - Registered stockholders will not need to take any action to receive post-split shares, as adjustments will be made automatically [7]. - Fractional shares resulting from the split will be rounded up to the nearest whole share for each stockholder [8]. Group 5: Company Overview - Verb Technology Company is a leader in interactive video-based sales-enablement applications, with its MARKET.live platform serving as a social shopping destination [10]. - The company operates full-service production and creator studios in Las Vegas, Los Alamitos, and Philadelphia [11].