On October 11, 2024, Rory J. Cutaia, the President and CEO of Verb Technology Company, Inc., issued a letter to the company's stockholders, updating them on the company's status and future prospects. The letter, filed with the SEC, addressed the recent reverse stock split, the company's current share price, and the financial condition, including a market cap of approximately $3.8M, cash reserves of $17.2M, and minimal debt. Cutaia highlighted the restructuring of Verb Technology into a holding company with three revenue-generating business units, one of which is yet to be announced. The CEO expressed confidence in the company's growth trajectory, citing improved third-quarter results and even better expectations for the fourth quarter. The letter also explained the necessity...Show More

On October 11, 2024, Rory J. Cutaia, the President and CEO of Verb Technology Company, Inc., issued a letter to the company's stockholders, updating them on the company's status and future prospects. The letter, filed with the SEC, addressed the recent reverse stock split, the company's current share price, and the financial condition, including a market cap of approximately $3.8M, cash reserves of $17.2M, and minimal debt. Cutaia highlighted the restructuring of Verb Technology into a holding company with three revenue-generating business units, one of which is yet to be announced. The CEO expressed confidence in the company's growth trajectory, citing improved third-quarter results and even better expectations for the fourth quarter. The letter also explained the necessity of the reverse stock split due to a delisting notice from Nasdaq, emphasizing that it was a decision made by the stockholders. Cutaia assured stockholders of the company's strong financial position, minimal debt, and the potential undervaluation of the stock, which, based on net cash value, should trade at over $22 per share.