SC 13G/A: Verb Technology Company, Inc.
Ticker: TONX · Form: SC 13G/A · Filed: Oct 23, 2024 · CIK: 1566610
Sentiment: neutral
Topics: sc-13g-a
AI Summary
SC 13G/A filing by Verb Technology Company, Inc..
Risk Assessment
Risk Level: low
Filing Stats: 2,028 words · 8 min read · ~7 pages · Grade level 7.5 · Accepted 2024-10-23 20:56:50
Key Financial Figures
- $0.0001 — , Inc. (Name of Issuer) Common Stock, $0.0001 Per Share (Title of Class of Securitie
Filing Documents
- verbtech13ga1-10232024.htm (SC 13G/A) — 122KB
- 0001013594-24-000840.txt ( ) — 124KB
If this statement is filed pursuant to 13d-1(b) or 13d-2(b) or (c), check whether the
Item 3. If this statement is filed pursuant to 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a: Not Applicable.
Ownership
Item 4. Ownership. (a) Amount beneficially owned: Collectively, the Reporting Persons beneficially own 100,000 shares of Common Stock. Corsair Capital individually owns 84,031 shares of Common Stock. Corsair 100 individually owns 12,421 shares of Common Stock. Corsair Investors individually owns 3,548 shares of Common Stock. Corsair Management, as the investment manager of each of Corsair Capital, Corsair 100, and Corsair Investors may be deemed to beneficially own 100,000 shares of Common Stock. Mr. Petschek, as a controlling person of Corsair Management, may be deemed to individually beneficially own 100,000 shares of Common Stock. Mr. Major, as a controlling person of Corsair Management, may be deemed to individually beneficially own 100,000 shares of Common Stock. (b) Percent of class: Collectively, as of October 23, 2024 the Reporting Persons may be deemed to have beneficially owned 100,000 shares of Common Stock representing 13.7% of all the outstanding shares of Common Stock. The foregoing percentage is based on 727,987 shares of Common Stock outstanding, which was calculated based on 145,597,352 shares of Common Stock outstanding as of August 9, 2024, as reported on the Issuer's Quarterly Report on Form 10-Q filed August 14, 2024, and giving effect to 1-for-200 reverse stock split effected on September 27, 2024, and disclosed in the Issuer's Current Report on Form 8-K, filed on September 27, 2024. Corsair Capital's individual ownership of 84,031 shares of Common Stock represents 11.5% of all the outstanding shares of Common Stock. Corsair 100's individual ownership of 12,421 shares of Common Stock represents 1.7% of all the outstanding shares of Common Stock. Corsair Investors' individual ownership of 3,548 shares of Common Stock represents less than 1% of all the outstanding shares of Common Stock. Corsair Management's beneficial ownership of 100,000 shares of Common Stock represents 13.7% of all the outstanding shares of Common Stock. The 1
Ownership of Five Percent or Less of a Class
Item 5. Ownership of Five Percent or Less of a Class. Not Applicable.
Ownership of More than Five Percent on Behalf of Another Person
Item 6. Ownership of More than Five Percent on Behalf of Another Person. Not Applicable.
Identification and Classification of the
Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. Not Applicable.
Identification and Classification of Members of the Group
Item 8. Identification and Classification of Members of the Group. See Exhibit A and Exhibit B of the Schedule 13G filed by the Reporting Persons with the Securities and Exchange Commission on October 16, 2024.
Notice of Dissolution of Group
Item 9. Notice of Dissolution of Group. Not Applicable.
Certification
Item 10. Certification. By signing below the undersigned certifies that, to the best of its or his knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Signature After reasonable inquiry and to the best of its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: October 23, 2024 CORSAIR CAPITAL PARTNERS, L.P. By: Corsair Capital Advisors, L.L.C., General Partner By: /s/ Jay R. Petschek Jay R. Petschek, Managing Member CORSAIR CAPITAL PARTNERS 100, L.P. By: Corsair Capital Advisors, L.L.C., General Partner By: /s/ Jay R. Petschek Jay R. Petschek, Managing Member CORSAIR CAPITAL INVESTORS, LTD. By: Corsair Capital Management, L.P., Attorney-in-Fact By: Corsair Capital Management GP, L.L.C., General Partner By: /s/ Jay R. Petschek Jay R. Petschek, Managing Member CORSAIR CAPITAL MANAGEMENT, LP. By: Corsair Capital Management GP, L.L.C., General Partner By: /s/ Jay R. Petschek Jay R. Petschek, Managing Member /s/ Jay R. Petschek Jay R. Petschek /s/ Steven Major Steven Major