$VERB LBO in play? We shall see... Let's play t
Post# of 32642
Let's play the what's different game...
Verb Technology Company, Inc. Announces $4.0 Million Registered Direct Offering -
OCTOBER 26, 2022
"A.G.P./Alliance Global Partners is acting as the sole placement agent for the Offering."
Verb Technology Company, Inc. Announces Proposed Underwritten Public Offering of Common Stock Without Warrants - JANUARY 23, 2023
"Aegis Capital Corp. is acting as the sole book-running manager for the offering"
Quote:
" Book runners also work with large, leveraged buyouts, which often involve multiple businesses. LBOs take place when a company makes an acquisition using borrowed capital. In these cases, the book runner represents one of the participating companies and coordinates with the other participating firms. One company generally takes the responsibility of running or managing the books, though more than one book runner—also called a joint book runner—can control a security issuance."
Quote:
KEY TAKEAWAYS
- A book runner is the primary underwriter or lead coordinator in the issuance of new equity, debt, or securities instruments.
- In investment banking, the book runner is the lead underwriting firm that runs or is in charge of the books during the issuance of new equity of a client firm.
- The book runner serves as lead underwriter and usually works with other investment banks to establish an underwriter syndicate, thereby creating the initial sales force for shares.
- In leveraged buyouts, a book runner represents one of the participating companies and works with other participating firms.
https://www.investopedia.com/terms/b/bookrunner.asp
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