ZOOZ Strategy Ltd. has received a delisting warning from Nasdaq after its stock price remained below $1 for 30 consecutive trading days. The company, which employs a Bitcoin reserve strategy, was notified on December 16 and has been given a 180-day grace period until June 15, 2026, to regain compliance. To meet Nasdaq's requirements, ZOOZ's stock must trade above $1 for 10 consecutive days. The company is exploring options, including a reverse stock split, to address the issue. Despite the warning, ZOOZ's operations remain unaffected.
ZOOZ, which is dual-listed on Nasdaq and TASE, recently disclosed holding 1,036 bitcoins and announced a $50 million stock buyback program. The company continues to focus on its Bitcoin vault strategy while considering measures to stabilize its stock price.
ZOOZ Faces Nasdaq Delisting Warning as Stock Price Falls Below $1
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