VERB Technology Company, Inc. Lists on the Nasdaq Capital Market and Prices $20,000,000 Public Offering
April 05 2019 - 8:15AM
VERB Technology Company, Inc. (OTC: VRRB, NASDAQ: VERB; VERBW)
(“VERB”), a leader in business-focused interactive video, and the
pioneer of Augmented Sales Intelligence software, today announced
the pricing of an underwritten public offering of 6,389,776 units,
consisting of 6,389,776 shares of its common stock and warrants to
purchase up to 6,389,776 shares of common stock, at a combined
public offering price of $3.13 per unit. The warrants will have an
initial per-share exercise price of $3.443, subject to customary
adjustment, are exercisable immediately and will expire five years
(5) from the date of issuance. The gross proceeds to VERB from this
offering are expected to be approximately $20,000,000, plus an
over-allotment of up to $3,000,000 (15%) of additional gross
proceeds before deducting underwriting discounts and commissions
and other estimated offering expenses payable by VERB. The 15%
equates to a maximum of an additional 958,466 units consisting of
958,466 shares of common stock and warrants to purchase up to
958,466 shares of common stock to cover the underwriter’s 45-day
over-allotment option. The offering is expected to close on April
9, 2019, subject to customary closing conditions.
A.G.P./Alliance Global Partners is acting as the
sole book-running manager for the offering.
“This is the beginning of an exciting new era
for VERB and our stockholders,” stated Rory J. Cutaia, CEO of
VERB. He continued, “We are enthusiastic about our future and
what we will accomplish as we integrate our leading-edge software
and technology with the systems and client base of our new
partners, Sound Concepts. We look forward to continuing to increase
stockholder value as we commence trading on The NASDAQ Capital
Market.”
A registration statement relating to these
securities has been filed with the Securities and Exchange
Commission (the SEC) and became effective on April 4, 2019 and is
available on the SEC’s website located at http://www.sec.gov.
The offering will be made only by means of a
prospectus. A copy of the prospectus relating to the offering may
be obtained, when available, by contacting A.G.P./Alliance Global
Partners, 590 Madison Avenue, 36th Floor, New York, NY 10022 or via
telephone at 212-624-2006 or email: prospectus@allianceg.com.
Investors may also obtain these documents at no cost by visiting
the SEC's website at http://www.sec.gov. Before investing in
this offering, interested parties should read in their entirety the
prospectus and the other documents that VERB has filed with the SEC
that are incorporated by reference in such prospectus, which
provide more information about VERB and the offering.
This press release shall not constitute an offer
to sell or the solicitation of an offer to buy nor shall there be
any sale of these 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.
About VERB Technology Company, Inc.
VERB Technology Company, Inc., formerly nFusz,
Inc., is rapidly emerging as the market leader in interactive video
data collection and analysis applications. VERB provides customer
relationship management (“CRM”), lead generation, and video
marketing software applications under the brand name TAGG. The
Company’s proprietary and patent-pending technology produces
real-time, measurable results with customers reporting greater than
600% increases in conversion rates. The Company’s
software-as-a-service (SaaS) products are cloud-based, accessible
on all mobile and desktop devices, and are available by
subscription for individual and enterprise users. The Company’s
technology is integrated into popular ERP, CRM, and marketing
platforms, including Oracle NetSuite, Adobe Marketo, and
integrations into Salesforce.com, Odoo, and Microsoft, among others
are underway. The Company’s newest applications include TaggCRM,
the premier mobile app for entrepreneurs; TaggMED, for the
healthcare industry; TaggEDU, for the education industry; and
TaggNGO, for non-profit organizations. Coming soon is the release
of TaggLIVE, our Facebook app, allowing users to add clickable
‘taggs’ to their live Facebook broadcasts in real-time. To create
and tagg your own videos that you can share and post to social, try
TaggLITE, available for FREE on our website.
For more information, please visit: www.myverb.com
Cautionary Note on Forward-Looking
StatementsThis press release may contain “forward-looking”
information within the meaning of the Private Securities Litigation
Reform Act of 1995. In accordance with the safe harbor provisions
of this Act, statements contained herein that look forward in time
that include everything other than historical information, involve
risks and uncertainties that may affect the Company’s actual
results. There can be no assurance that such statements will prove
to be accurate and there are a number of important factors that
could cause actual results to differ materially from those
expressed in any forward-looking statements made by the Company,
including, but not limited to, plans and objectives of management
for future operations or products, the market acceptance or future
success of our products, and our future financial performance. The
Company cautions that these forward-looking statements are further
qualified by other factors including, but not limited to, those set
forth in the Company’s Annual Report on Form 10-K for the fiscal
year ended December 31, 2018, and other filings with the U. S.
Securities and Exchange Commission (available at www.sec.gov). The
Company undertakes no obligation to publicly update or revise any
statements in this release, whether as a result of new information,
future events, or otherwise.
Contact Please address media inquiries
to: info@myverb.com855.250.2300, extension 7
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