VERB Announces Closing of $13.8 Million Underwritt
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Posted On: 07/24/2020 4:22:01 PM
VERB Announces Closing of $13.8 Million Underwritten Public Offering and Full Exercise of Over-Allotment Option
BY GlobeNewswire
— 4:15 PM ET 07/24/2020
NEWPORT BEACH, Calif. and SALT LAKE CITY, July 24, 2020 (GLOBE NEWSWIRE) -- VERB Technology Company, Inc. ( VERB Loading...) , a leader in interactive video-based sales enablement applications, including interactive livestream ecommerce, webinar, CRM, and marketing applications for entrepreneurs and enterprises, has today announced the closing of an underwritten public offering of common stock for gross proceeds of approximately $13.8 million, which includes the full exercise of the underwriter's over-allotment option to purchase additional shares, prior to deducting underwriting discounts and commissions and offering expenses payable by Verb.
The offering was comprised of shares of common stock priced at a public offering price of $1.10 per share.
Ladenburg Thalmann & Co. Inc. acted as sole book-running manager in connection with the offering.
A total of 12,545,453 shares of common stock were issued in the offering, including the full exercise of the over-allotment option.
The securities were offered pursuant to a registration statement on Form S-1 , which was declared effective by the United States Securities and Exchange Commission on July 21, 2020.
This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sales of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. A final prospectus relating to this offering was filed by Verb with the SEC. Copies of the final prospectus can be obtained at the SEC’s website at www.sec.gov or from Ladenburg Thalmann & Co. Inc., Prospectus Department, 277 Park Avenue, 26th Floor, New York, New York 10172 or by email at prospectus@ladenburg.com.
Happy Aloha Friday!
BY GlobeNewswire
— 4:15 PM ET 07/24/2020
NEWPORT BEACH, Calif. and SALT LAKE CITY, July 24, 2020 (GLOBE NEWSWIRE) -- VERB Technology Company, Inc. ( VERB Loading...) , a leader in interactive video-based sales enablement applications, including interactive livestream ecommerce, webinar, CRM, and marketing applications for entrepreneurs and enterprises, has today announced the closing of an underwritten public offering of common stock for gross proceeds of approximately $13.8 million, which includes the full exercise of the underwriter's over-allotment option to purchase additional shares, prior to deducting underwriting discounts and commissions and offering expenses payable by Verb.
The offering was comprised of shares of common stock priced at a public offering price of $1.10 per share.
Ladenburg Thalmann & Co. Inc. acted as sole book-running manager in connection with the offering.
A total of 12,545,453 shares of common stock were issued in the offering, including the full exercise of the over-allotment option.
The securities were offered pursuant to a registration statement on Form S-1 , which was declared effective by the United States Securities and Exchange Commission on July 21, 2020.
This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sales of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. A final prospectus relating to this offering was filed by Verb with the SEC. Copies of the final prospectus can be obtained at the SEC’s website at www.sec.gov or from Ladenburg Thalmann & Co. Inc., Prospectus Department, 277 Park Avenue, 26th Floor, New York, New York 10172 or by email at prospectus@ladenburg.com.
Happy Aloha Friday!
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