ZOOZ Strategy Ltd. received a warning from Nasdaq due to the stock price being below 1 USD for 30 consecutive sessions, with a 180-day deadline until 15/06/2026 to restore listing conditions.
The company stated that current operations are not affected and is considering options such as a reverse stock split, in the context of ZOOZ pursuing a Bitcoin storage strategy and dual listing on Nasdaq and TASE.
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Nasdaq warns ZOOZ due to the stock price being below 1 USD for 30 sessions.
The repair deadline is 180 days, until 15/06/2026; needs 10 sessions above 1 USD.
ZOOZ holds 1.036 Bitcoin, previously announced a buyback of 50 million USD.
Nasdaq requires a minimum of 1 USD: ZOOZ has 180 days to recover.
ZOOZ Strategy Ltd. received a notice on 16/12 that the stock price was below 1 USD for 30 consecutive sessions, violating the minimum price requirement to maintain listing on Nasdaq.
ZOOZ has been granted a 180-day extension, deadline 15/06/2026. To return to compliance, the stock needs to close above 1 USD for 10 consecutive trading sessions.
The company is considering solutions, including a reverse stock split. ZOOZ stated that current operations are not affected by the announcement from Nasdaq.
Dual listing, Bitcoin storage strategy, and recent announcement milestones.
ZOOZ is a dual-listed company on Nasdaq and TASE, while implementing a Bitcoin storage strategy.
Last month, ZOOZ Strategy announced that it holds 1.036 Bitcoin and announced a stock buyback program worth 50 million USD.
Source: https://tintucbitcoin.com/zooz-nhan-canh-bao-huy-niem-yet-nasdaq/
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