Summary by Moomoo AI
Verb Technology Company, Inc. has received communication from the United States Securities and Exchange Commission (SEC) regarding its offering statement on Form 1-A, which was filed on February 14, 2024. The SEC has informed Verb Technology that it does not intend to review the offering statement but will consider qualifying it upon the company's request. The SEC also noted that if any participant in Verb Technology's offering needs to clear compensation arrangements with FINRA, the regulatory body should have no objections before qualification. The company is reminded of its responsibility for the accuracy and adequacy of disclosures, independent of the SEC's review or lack thereof. Additionally, following the qualification of the Form 1-A, Verb Technology is required to file periodic and current reports, including a Form 1-K, within 120 days after the fiscal year's end. The SEC's communication was addressed to Rory Cutaia, CEO of Verb Technology, and the company was advised to contact Brian Fetterolf for any further questions.