Verb Technology Company, Inc. Closes Previously Announced Public Offering
April 12 2019 - 8:00AM
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 closing of its previously announced
underwritten public offering of 6,389,776 units, consisting of
6,389,776 shares of its common stock and warrants to purchase
6,389,776 shares of common stock at a combined public offering
price of $3.13 per share and warrant. 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. In connection
with the closing, the Representative partially exercised its
over-allotment option and purchased an additional 159,820 Units,
consisting of an aggregate of 159,820 Option Shares and Option
Warrants to purchase up to an aggregate of 159,820 Option Warrant
Shares. The gross proceeds to Verb Technology Company, Inc. from
this offering are expected to be approximately $20,500,000,
before deducting underwriting discounts and commissions and other
estimated offering expenses.
A.G.P./Alliance Global Partners acted as the
sole book-running manager for the offering.
A registration statement relating to these
securities has been filed with the Securities and Exchange
Commission (the SEC) and was declared effective on April 4, 2019
and is available on the SEC’s website located at
http://www.sec.gov.
The offering was made only by means of a
prospectus. A copy of the prospectus relating to the offering may
be obtained 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 nFüsz,
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. 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.com 855.250.2300, extension 7
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