$VERB - Pays Off Senior Secured Debt and Cancels E

$VERB - Pays Off Senior Secured Debt and Cancels ELOC

This is what you do when you have a partner, equity investor, merger, etc.

They don't want to clean up the pieces. They want you to do it before the transaction since the assets are tied into it. Analogy would be buying a house. You want to make sure their are no liens, existing insurance claims, etc. This is a very positive sign to me.

Here's where it gets very interesting. Why didn't VERB want the Notes to convert?

Pair that questions with...

Why didn't VERB tap into the $50M?

Answer is obvious to me. Just look around and think about the last year.

At least investors should now understand why the announcement and offering on Monday. Those Notes were about to convert.

For reference.

VERB Announces Premium-to-Market Debt Financing and Supplemental Equity-Line-of-Credit-Facility
JANUARY 14, 2022 8:30AM EST
https://ir.verb.tech/news-events/press-releas...ancing-and


VERB Pays Off Senior Secured Debt and Cancels Equity Line of Credit
JANUARY 26, 2023 11:29AM EST
https://ir.verb.tech/news-events/press-releas...quity-line