Verb Technology Company, Inc. (Nasdaq: VERB) (“V

Quote:

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Verb Technology Company, Inc. (Nasdaq: VERB) (“VERB” or the “Company”), a leader in interactive video-based sales enablement applications, including shoppable livestream, today announced it has entered into securities purchase agreements with institutional investors for the purchase and sale of 12,500,000 shares of the Company’ common stock, par value $0.0001 per share (the “Common Shares”), pursuant to a registered direct offering (the “Offering”), and warrants to purchase up to 12,500,000 Common Shares (the “Warrants”). The combined purchase price for one Common Share and one Warrant will be $0.32. The Warrants will have an exercise price of $0.34 per Common Share, will be exercisable six months following the date of issuance and will expire five years from the initial date of exercise.

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Institutions are taking a bigger piece of the VERB pie. They don't do this for stock they think will go down in value.

Just in case someone thought these institutions plan to "short" the stock. The shares they are buying are also locked up for 6 months.

If the institutional investors felt the same way about VERB as the comedy show hosts on that ilie board, they wouldn't be buying VERB stock at all.