{"id":726217,"date":"2023-01-26T09:41:58","date_gmt":"2023-01-26T14:41:58","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/verb-technology-company-inc-closes-7-2-million-underwritten-public-offering-of-common-stock\/"},"modified":"2023-01-26T09:41:58","modified_gmt":"2023-01-26T14:41:58","slug":"verb-technology-company-inc-closes-7-2-million-underwritten-public-offering-of-common-stock","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/verb-technology-company-inc-closes-7-2-million-underwritten-public-offering-of-common-stock\/","title":{"rendered":"Verb Technology Company, Inc. Closes $7.2 Million Underwritten Public Offering of Common Stock"},"content":{"rendered":"
\n

NEWPORT BEACH, Calif. and LEHI, Utah, Jan. 26, 2023 (GLOBE NEWSWIRE) — Verb Technology Company, Inc. (NASDAQ: VERB) (“VERB” or the “Company”), the leader in interactive video-based sales-enablement applications, including shoppable livestream video, announced the closing of an underwritten public offering with gross proceeds to the Company expected to be $7.2 million, before deducting underwriting discounts and other estimated expenses payable by the Company. The offering consisted of 36,051,000 shares of common stock, with no warrants (the “Offering”) at a price of $0.20 per share. The Company intends to use the net proceeds from the Offering for general corporate purposes and repayment of debt.<\/p>\n

\n Aegis Capital Corp. acted as the sole book-running manager for the Offering.<\/strong>\n <\/p>\n

The Offering was made pursuant to an effective shelf registration statement on Form S-3 (No. 333-264038) previously filed with the U.S. Securities and Exchange Commission (the “SEC”) and declared effective by the SEC on April 14, 2022. A final prospectus supplement and accompanying prospectus (collectively, the “Prospectus”) describing the terms of the proposed offering was filed with the SEC and is available on the SEC’s website located at http:\/\/www.sec.gov. Electronic copies of the Prospectus may be obtained by contacting Aegis Capital Corp., Attention: Syndicate Department, 1345 Avenue of the Americas, 27th floor, New York, NY 10105, by email at syndicate@aegiscap.com, or by telephone at (212) 813-1010.<\/p>\n

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sales of the securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.<\/p>\n

\n About VERB<\/strong>\n <\/p>\n

Verb Technology Company, Inc. (Nasdaq: VERB), the market leader in interactive video-based sales applications, transforms how businesses attract and engage customers. The Company\u2019s MARKET.live platform is a multi-vendor, multi-presenter, livestream social shopping destination at the forefront of the convergence of ecommerce and entertainment, where hundreds of retailers, brands, creators and influencers can monetize their base of fans and followers across social media channels. The Company\u2019s Software-as-a-Service, or SaaS platform, based on its proprietary interactive video technology, is comprised of a suite of sales enablement business software products offered on a subscription basis. Its software applications are used by hundreds of thousands of people in over 100 countries and in more than 48 languages. VERB\u2019s clients include large sales-based enterprises as well as small business sales teams, including the sales and marketing departments of professional sports teams. With approximately 115 employees and contractors, the Company is headquartered in Lehi, Utah, and maintains offices in Newport Beach, California.<\/p>\n

\n Follow VERB here:<\/strong>\n <\/p>\n

\n VERB on Facebook:<\/strong> https:\/\/www.facebook.com\/VerbTechCo\/<\/p>\n

\n VERB on Twitter:<\/strong> https:\/\/twitter.com\/VerbTech_Co<\/p>\n

\n VERB on LinkedIn:<\/strong> https:\/\/www.linkedin.com\/company\/verb-tech\/<\/p>\n

\n VERB on YouTube:<\/strong>
\n https:\/\/www.youtube.com\/channel\/UC0eCb_fwQlwEG3ywHDJ4_KQ<\/a>\n <\/p>\n

\n Forward-Looking Statements<\/strong>\n <\/p>\n

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set forth in the Company’s SEC filings. These risks and uncertainties could cause the Company’s actual results to differ materially from those indicated in the forward-looking statements.<\/p>\n

\n Investor Relations:
<\/strong>888.504.9929
investors@verb.tech<\/p>\n

\n Media Contact:
<\/strong>855.250.2300, ext.125
info@verb.tech<\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

NEWPORT BEACH, Calif. and LEHI, Utah, Jan. 26, 2023 (GLOBE NEWSWIRE) — Verb Technology Company, Inc. (NASDAQ: VERB) (“VERB” or the “Company”), the leader in interactive video-based sales-enablement applications, including shoppable livestream video, announced the closing of an underwritten public offering with gross proceeds to the Company expected to be $7.2 million, before deducting underwriting discounts and other estimated expenses payable by the Company. The offering consisted of 36,051,000 shares of common stock, with no warrants (the “Offering”) at a price of $0.20 per share. The Company intends to use the net proceeds from the Offering for general corporate purposes and repayment of debt. Aegis Capital Corp. acted as the sole book-running manager for the Offering. The Offering was made … <\/p>\n

Continue reading “Verb Technology Company, Inc. Closes $7.2 Million Underwritten Public Offering of Common Stock”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-726217","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nVerb Technology Company, Inc. 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