ZOOZ's Bitcoin treasury play faces Nasdaq delisting clock
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ZOOZ Strategy faces potential Nasdaq delisting as its share price falls below the $1 minimum bid-price requirement. The company, which holds 1,036 BTC as part of its long-term Bitcoin treasury strategy, has 180 days to comply or risk delisting. ZOOZ may consider a reverse share split to address the issue. The notice follows a trend of Bitcoin treasury companies facing similar challenges, though not all are affected. ZOOZ's operations remain unaffected for now, but the company acknowledges it may need to explore available options.
Source: Cointelegraph The copyright of this article belongs to the original author/organization.
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