Verb Technology Company, Inc. Announces Proposed Underwritten Public Offering of Common Stock Without Warrants
January 23 2023 - 05:09PM
GlobeNewswire Inc.
Verb Technology Company, Inc. (NASDAQ: VERB) ("VERB" or the
"Company"), the leader in interactive video-based sales-enablement
applications, including shoppable livestream video, today announced
that it intends to offer its shares of common stock without
warrants in a public offering. The Company intends to use the net
proceeds from this offering for general corporate purposes and
repayment of debt. The offering is subject to market conditions,
and there can be no assurance as to whether or when the offering
may be completed, or as to the actual size or terms of the
offering.
Aegis Capital Corp. is acting as the sole book-running
manager for the offering
This offering is being 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 prospectus
supplement describing the terms of the proposed offering will be
filed with the SEC and will be available on the SEC's website
located at http://www.sec.gov. Electronic copies of the prospectus
supplement may be obtained, when available, 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. Before
investing in this offering, interested parties should read in their
entirety the prospectus supplement and the accompanying prospectus
and the other documents that the Company has filed with the SEC
that are incorporated by reference in such prospectus supplement
and the accompanying prospectus, which provide more information
about the Company and such 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
Verb Technology Company, Inc. (Nasdaq: VERB), the market leader
in interactive video-based sales applications, transforms how
businesses attract and engage customers. The Company’s 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’s
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’s 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.
Follow VERB here:
VERB on Facebook:
https://www.facebook.com/VerbTechCo/
VERB on Twitter:
https://twitter.com/VerbTech_Co
VERB on LinkedIn:
https://www.linkedin.com/company/verb-tech/
VERB on YouTube:
https://www.youtube.com/channel/UC0eCb_fwQlwEG3ywHDJ4_KQ
Forward-Looking Statements
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 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.
Investor Relations:
888.504.9929
investors@verb.tech
Media Contact:
855.250.2300, ext.125
info@verb.tech
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