Verb Technology Co. Signs Material Definitive Agreement

Ticker: TONX · Form: 8-K · Filed: Mar 19, 2024 · CIK: 1566610

Sentiment: neutral

Topics: material-agreement, filing-update

TL;DR

Verb Tech signed a big deal, filing shows. Details to come.

AI Summary

On March 18, 2024, Verb Technology Company, Inc. entered into a Material Definitive Agreement. The filing also includes financial statements and exhibits related to this agreement. The company was formerly known as nFusz, Inc., BBOOTH, INC., and Global System Designs, Inc.

Why It Matters

This filing indicates a significant new contract or partnership for Verb Technology Company, Inc., which could impact its future revenue and operations.

Risk Assessment

Risk Level: medium — Entering into a material definitive agreement can introduce new risks and opportunities, the specifics of which are not yet detailed in this initial filing.

Key Players & Entities

FAQ

What is the nature of the Material Definitive Agreement entered into by Verb Technology Company, Inc. on March 18, 2024?

The filing does not specify the exact nature of the Material Definitive Agreement, only that one was entered into on March 18, 2024.

What are the key terms and conditions of this Material Definitive Agreement?

The filing does not provide details on the key terms and conditions of the agreement.

What is the potential financial impact of this agreement on Verb Technology Company, Inc.?

The filing does not disclose any specific financial projections or impacts related to the agreement.

When was Verb Technology Company, Inc. previously known by other names?

Verb Technology Company, Inc. was formerly known as nFusz, Inc. (name change on 20170425), BBOOTH, INC. (name change on 20141022), and Global System Designs, Inc. (name change on 20130109).

What other items are included in this 8-K filing besides the Material Definitive Agreement?

The filing also includes Financial Statements and Exhibits.

Filing Stats: 586 words · 2 min read · ~2 pages · Grade level 11.4 · Accepted 2024-03-19 17:15:39

Key Financial Figures

Filing Documents

From the Filing

UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 18, 2024 Verb Technology Company, Inc. (Exact Name of Registrant as Specified in Charter) Nevada 001-38834 90-1118043 (State or Other Jurisdiction (Commission (IRS Employer of Incorporation) File Number) Identification No.) 3024 Sierra Juniper Court Las Vegas , Nevada 89138 (Address of Principal Executive Offices) (Zip Code) Registrant's Telephone Number, Including Area Code: (855) 250-2300 (Former Name or Former Address, if Changed Since Last Report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2. below): Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $0.0001 VERB The Nasdaq Stock Market LLC Common Stock Purchase Warrants VERBW The Nasdaq Stock Market LLC Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 1.01 Entry into a Material Definitive Agreement. On March 18, 2024, Verb Technology Company, Inc, a Nevada corporation (the "Company"), entered into subscription agreements with certain institutional investors (the "Agreements"), pursuant to which the Company agreed to issue and sell to the investors 20,851,667 shares (the "Shares") of Common Stock, par value $0.0001 per share of the Company at a price of $0.24 per share for gross proceeds to the Company of $5,004,400.08. The Agreements were entered into intraday on March 18, 2024 and the Shares were offered at-the-market under Nasdaq rules and pursuant to the Company's Form 1-A (the "Offering Statement"), initially filed by the Company with the Securities and Exchange Commission (the "SEC") under the Securities Act of 1933, as amended (the "Securities Act"), on February 14, 2024 and qualified on March 11, 2024. The Shares were placed through the efforts of the Company's Chief Executive Officer, Rory Cutaia. The Company did not pay any commissions in connection with the sale of the Shares. The offering is expected to close on or before March 19, 2024. Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Number Description 10.1 Form of Subscription Agreement (Incorporated by reference to the Company's Form 1-A Offering Statement filed on February 14, 2024) 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: March 19, 2024 VERB TECHNOLOGY COMPANY, INC. By: /s/ Rory J. Cutaia Name: Rory J. Cutaia Title: President and Chief Executive Officer

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