ZOOZ Faces Nasdaq Compliance Clock After Share Slide

[mendez]

ZOOZ Strategy’s Bitcoin-backed stock is on a Nasdaq compliance clock after falling below the $1 minimum bid-price requirement. The dual-listed firm, trading on Nasdaq and the Tel Aviv Stock Exchange, now has six months to recover its share price or risk delisting.

The company is monitoring the situation and may consider a reverse share split—a move that reduces the number of shares while raising the price per share—to maintain compliance. Despite the price drop, ZOOZ’s operations remain unaffected, and shareholders still hold indirect exposure to the company’s 1,036 BTC treasury.

This development highlights the growing pains of publicly traded Bitcoin treasuries, as market volatility tests the resilience of firms adopting long-term crypto strategies.

[bonk]

Public crypto firms juggling Nasdaq rules and Bitcoin holdings is a tricky balance