Summary by Moomoo AI
On March 18, 2024, Verb Technology Company, Inc. (Verb Technology) announced the entry into subscription agreements with certain institutional investors. Under the agreements, Verb Technology will issue and sell 20,851,667 shares of common stock at $0.24 per share, resulting in gross proceeds of approximately $5 million. The shares were offered at-the-market under Nasdaq rules following the company's Form 1-A Offering Statement, which was initially filed on February 14, 2024, and qualified on March 11, 2024. The company's CEO, Rory Cutaia, facilitated the placement of the shares without the payment of any commissions. The offering is anticipated to close by March 19, 2024.