Verb Technology Company Outlines Strategic Vision for Growth

A Message from the CEO: Enhancing Value for Stockholders

Hello VERB Stockholders,

I’m Rory J. Cutaia, the CEO of Verb Technology Company, Inc. (NASDAQ: VERB), and I want to take a moment to share some key updates about our company and its future prospects. Today, I’d like to touch on several important topics, including our recent reverse stock split, current business operations, financial health, and the exciting avenues we are pursuing.

Current Financial Status and Market Cap Insights

As it stands, our market capitalization is approximately $3.8 million, with around $17.2 million in cash reserves. We only carry minor debt, a low-interest SBA loan that totals roughly $125,000. When one reflects on these figures, it is evident that if we were valued solely on our cash position, our stock should trade over $22 per share, disregarding the asset values of our significant business units.

I find it curious that current trading does not reflect our core value, which stems from our business model and innovation. I encourage everyone to take the time to review our filings, as they offer valuable insights into the potential we possess as a transformed company.

Business Structure Transformation

We’ve undergone a comprehensive realignment of our operations. The changes involved divesting from an unprofitable unit and restructuring VERB to operate as a holding company with three complementary business units. Each division functions under an independent management team focused on growth and profitability, and I am thrilled to share that all three are actively generating revenue.

As we enter the third quarter, we anticipate results that surpass previous quarters, indicating our operational strategies are starting to yield positive returns. Moreover, we foresee fourth-quarter results substantially exceeding those from Q3.

Adapting to Market Dynamics with MARKET.live

Our MARKET.live platform has transitioned from a service provider to an essential partner for brands, thanks to our expanding collaboration with TikTok. This shift has transformed our revenue model to a stabilized fixed-price structure, which facilitates recurring income. You may note that we are streaming fewer MARKET.live events not due to a decrease in business, but instead, we have shifted our focus towards more live productions on TikTok Shop. Expect updates on the newly revamped MARKET.live shortly!

Innovative Approaches with GO FUND YOURSELF!

In an exciting move, our latest offering—GO FUND YOURSELF!—enters the crowd-funding arena. This innovative platform is designed to disrupt the equity funding sector by providing an effective medium for companies to reach a wider audience. The format is engaging for both accredited and non-accredited investors, enabling participation in equity offerings while generating revenue through fees from issuers and sponsorships.

Future Directions and Governance Decisions

Regarding our recent reverse stock split, it is crucial to understand that this was a decision made by our stockholders to maintain our Nasdaq listing. As management, we’re responsible for informing our investors of the potential impacts of their voting decisions, essentially guiding them toward making the best choice for our collective future.

On September 26, stockholders overwhelmingly opted for a reverse split to stay listed on Nasdaq, which we have diligently implemented. We view this as a stepping stone towards unlocking significant value for our shareholders.

We are in an advantageous position—financially equipped with no significant debt obligations and a robust cash runway. Also, our capital structure is sound, with only a limited number of shares in circulation, which enhances our potential for appreciating share value.

Anticipating Growth and Shareholder Alignment

With three performance-driven business units under our belt and assuming worst-case scenarios where these businesses hold no value, we still see potential for our shares to be valued at $22 based purely on cash liquidity.

As we progress, I will advocate for a forward stock split when we reach favorable trading levels, further aligning my interests with those of our shareholders. Our success is collective, and I’m optimistic about what lies ahead.

Thank you for your continued support and belief in Verb Technology. Together, we will navigate these uncharted waters and come out on the other side as a stronger entity.

Best Regards,

Rory J. Cutaia, CEO

Frequently Asked Questions

What are Verb Technology Company's main business segments?

Verb Technology operates three key business units: MARKET.live, which focuses on livestream shopping; the GO FUND YOURSELF platform for crowdfunding opportunities; and a third unit currently being refined.

How has the recent reverse stock split affected stockholders?

The reverse stock split was implemented to maintain our listing on Nasdaq, allowing stockholders to make informed decisions about the company's future without losing the benefits of being listed on a major exchange.

What changes can we expect with MARKET.live in the future?

MARKET.live is undergoing significant updates, including expanding its partnership with TikTok, which will lead to more innovative content and a stronger revenue model.

What is the strategic vision of Verb Technology for the coming years?

Verb Technology aims to increase operational efficiency, unlock shareholder value, and launch new business initiatives that capitalize on current market trends and consumer behaviors.

How can investors get in touch with Verb Technology's Investor Relations?

Investors can contact Verb Technology’s Investor Relations team via email at investors@verb.tech for questions or further information regarding the company.

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