Now why would you terminate a MDA? VERB Termina
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Posted On: 10/04/2021 10:59:54 AM
Now why would you terminate a MDA?
VERB Terminates Its At-The-Market (‘ATM’) Securities Sales Effective Immediately
Item 1.02 Termination of a Material Definitive Agreement
"On October 2, 2021, Verb Technology Company, Inc. (the “Company”) delivered written notice to Truist Securities, Inc. (“Truist”) to terminate the At-The-Market Issuance Sales Agreement entered into between the Company and Truist (the “Sales Agreement”) and instructing them to cease offers or sales of Placement Shares (as defined in the Sales Agreement) immediately."
Maybe you'd terminate if you believe the share price would be going higher 'shortly'?
Maybe you'd terminate if your M&A plans suddenly changed?
Maybe the company you are buying wants stock over cash?
Maybe you'd terminate if you had an incredible offer, partnership, etc?
Maybe none of the above
Maybe we'll have to wait to find out what's cooking
In any case...
"Separately, VERB announces that it has determined it is in the best interests of its shareholders to terminate its at-the-market (ATM) securities sales effective immediately, as set forth with greater specificity in its Form 8-K filed today with the SEC."
I've been keeping an eye on share count which I haven't noticed has changed but someone else can verify.
VERB Terminates Its At-The-Market (‘ATM’) Securities Sales Effective Immediately
Item 1.02 Termination of a Material Definitive Agreement
"On October 2, 2021, Verb Technology Company, Inc. (the “Company”) delivered written notice to Truist Securities, Inc. (“Truist”) to terminate the At-The-Market Issuance Sales Agreement entered into between the Company and Truist (the “Sales Agreement”) and instructing them to cease offers or sales of Placement Shares (as defined in the Sales Agreement) immediately."
Maybe you'd terminate if you believe the share price would be going higher 'shortly'?
Maybe you'd terminate if your M&A plans suddenly changed?
Maybe the company you are buying wants stock over cash?
Maybe you'd terminate if you had an incredible offer, partnership, etc?
Maybe none of the above
Maybe we'll have to wait to find out what's cooking
In any case...
"Separately, VERB announces that it has determined it is in the best interests of its shareholders to terminate its at-the-market (ATM) securities sales effective immediately, as set forth with greater specificity in its Form 8-K filed today with the SEC."
I've been keeping an eye on share count which I haven't noticed has changed but someone else can verify.
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