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424B5: Prospectus

SEC announcement ·  May 11 05:14
Summary by Futu AI
Verb Technology Company, Inc. has updated its prospectus supplement to increase the maximum aggregate offering price of its common stock from $9,010,000 to $12,765,000. The update, filed on May 10, 2024, modifies certain information in the previous prospectus supplements dated December 15, 2023, March 19, 2024, and March 29, 2024, and the original prospectus dated March 31, 2022. The company's common stock is publicly traded on The Nasdaq Capital Market under the symbol 'VERB', with a closing price of $0.14 per share as of May 9, 2024. Verb Technology has entered into an At-The-Market Issuance Sales Agreement with Ascendiant Capital Markets, LLC (ACM), which will act as a sales agent. The company has already sold $11,627,167 of securities within the last 12 months and is eligible to sell an additional $3,756,673 under the current registration...Show More
Verb Technology Company, Inc. has updated its prospectus supplement to increase the maximum aggregate offering price of its common stock from $9,010,000 to $12,765,000. The update, filed on May 10, 2024, modifies certain information in the previous prospectus supplements dated December 15, 2023, March 19, 2024, and March 29, 2024, and the original prospectus dated March 31, 2022. The company's common stock is publicly traded on The Nasdaq Capital Market under the symbol 'VERB', with a closing price of $0.14 per share as of May 9, 2024. Verb Technology has entered into an At-The-Market Issuance Sales Agreement with Ascendiant Capital Markets, LLC (ACM), which will act as a sales agent. The company has already sold $11,627,167 of securities within the last 12 months and is eligible to sell an additional $3,756,673 under the current registration. The sales of common stock may be made in 'at the market offerings', and ACM will receive up to 3% of the gross proceeds as compensation. Verb Technology has also agreed to indemnify ACM against certain liabilities. Investors are advised to consider the high degree of risk involved in investing in the securities and to review the risk factors detailed in the prospectus and other documents incorporated by reference.

This announcement is a separate document:

Doc 1

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