ZOOZ’s minimum bid‑price notice makes it the latest Bitcoin treasury stock to brush up against Nasdaq’s listing rules.
ZOOZ Strategy’s Bitcoin-backed stock has been put on a Nasdaq compliance clock after the exchange warned the company its shares no longer meet the $1 minimum bid-price requirement, raising the risk of delisting if the price fails to recover within six months.
The dual‑listed firm, which trades on Nasdaq and the Tel Aviv Stock Exchange, said in a Monday statement that it plans to monitor the situation, and it may consider a reverse share split if needed.
A reverse share split is when a company reduces the number of its outstanding shares and raises the price per share proportionally, typically to lift the stock price without changing the firm’s overall market value.
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments