Summary by Futu AI
Verb Technology Company, Inc. has announced the Third Amendment to its At-the-Market Issuance Sales Agreement on May 10, 2024. This amendment increases the aggregate offering price of shares to be sold in the ATM Offering to $12,765,000. The company had previously entered into agreements to increase the offering amount, with the most recent amendment dated March 29, 2024, raising the offering to $9,010,000. The initial Sales Agreement with Ascendiant Capital Markets, LLC was established on December 15, 2023, for an offering of up to $960,000. Verb Technology will file a supplement to the Prospectus Supplement with the SEC to reflect this increase. The company's common stock and warrants are traded on The Nasdaq Stock Market LLC under the symbols VERB and VERBW, respectively. The legal opinion of Sichenzia Ross Ference Carmel LLP regarding the issuance and sale of shares pursuant to the Sales Agreement, as amended, is also filed with the SEC.