VerifyMe (VRME) has disclosed a new risk, in the Share Price & Shareholder Rights category.
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VerifyMe is currently facing a significant business risk due to its non-compliance with Nasdaq’s continued listing requirements, specifically the Minimum Bid Price Rule. This non-compliance, stemming from the stock’s prolonged sub-$1.00 bid price, threatens the company’s ability to maintain its Nasdaq listing. If delisted, VerifyMe would likely experience a decline in stock price and liquidity, face challenges in raising capital, and potentially lose the confidence of investors and business partners. Additionally, the stock could be relegated to over-the-counter markets, further diminishing its market presence and attractiveness to institutional investors.
Overall, Wall Street has a Moderate Buy consensus rating on VRME stock based on 1 Buy and 1 Hold.
To learn more about VerifyMe’s risk factors, click here.