Summary by Moomoo AI
Verb Technology Company, Inc. has filed a current report on Form 8-K with the SEC, disclosing its unaudited balance sheet as of March 31, 2024. The report, made public on April 25, 2024, reveals that the company's stockholders' equity has increased to $14,001,000. This increase in equity positions Verb Technology to qualify for an additional 180-day extension to regain compliance with Nasdaq's $1.00 Minimum Bid Price Listing Rule 5550(a)(2). The balance sheet shows total assets of $20,426,000, with current assets including $14,182,000 in cash. The company's liabilities total $6,425,000, with stockholders' equity comprising Series C Preferred Stock and common stock, among other equity items. The report was signed by President and CEO Rory J. Cutaia.