ZOOZ’s Bitcoin treasury play faces Nasdaq delisting clock
ZOOZ’s minimum bid‑price notice makes it the latest Bitcoin treasury stock to brush up against Nasdaq’s listing rules.
ZOOZ Strategy has received a notice from Nasdaq that its shares no longer meet the $1 minimum bid‑price requirement, giving the Israel‑based company 180 days to get back on track or risk delisting.
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.