HOLLYWOOD, Calif. , April 12, 2019 (GLOBE NEWSW

HOLLYWOOD, Calif. , April 12, 2019 (GLOBE NEWSWIRE) -- 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.