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Verb Technology | 1-A/A: Others

SEC announcement ·  Feb 24 06:06
Summary by Futu AI
Verb Technology Company, Inc., a personal services company incorporated in Nevada, has filed a Form 1-A with the U.S. Securities and Exchange Commission (SEC) for a Regulation A offering. The company, which was established in 2012 and employs 21 people, is seeking to raise funds through the sale of equity securities. As per the latest financial statements included in the offering statement, Verb Technology reported cash and cash equivalents of $918,000, total assets of $8,068,000, and a net loss of $19,243,000 with a negative stockholders' equity of $715,000. The company's long-term debt stands at $2,972,000. Verb Technology has engaged Dawson James Securities, Inc. for sales commissions and Sichenzia Ross Ference Carmel LLP for legal services in connection with the offering. The company anticipates net proceeds of approximately $19,224,550, after accounting for estimated fees and expenses. The securities will be offered in various U.S. states and Canadian provinces. Verb Technology has confirmed its eligibility for the offering and compliance with SEC regulations, including the absence of disqualifying 'bad actor' events.
Verb Technology Company, Inc., a personal services company incorporated in Nevada, has filed a Form 1-A with the U.S. Securities and Exchange Commission (SEC) for a Regulation A offering. The company, which was established in 2012 and employs 21 people, is seeking to raise funds through the sale of equity securities. As per the latest financial statements included in the offering statement, Verb Technology reported cash and cash equivalents of $918,000, total assets of $8,068,000, and a net loss of $19,243,000 with a negative stockholders' equity of $715,000. The company's long-term debt stands at $2,972,000. Verb Technology has engaged Dawson James Securities, Inc. for sales commissions and Sichenzia Ross Ference Carmel LLP for legal services in connection with the offering. The company anticipates net proceeds of approximately $19,224,550, after accounting for estimated fees and expenses. The securities will be offered in various U.S. states and Canadian provinces. Verb Technology has confirmed its eligibility for the offering and compliance with SEC regulations, including the absence of disqualifying 'bad actor' events.

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