Verb Technology Company Inc (VERB)

[Cynomus]

The acquisition was accounted for as a reverse merger transaction

I can see where the wording causes confusion, as both terms are used.

In most cases, a reverse merger is solely a mechanism to convert a private company into a public entity without the need to appoint an investment bank or to raise capital.

Read more: Why would a company do a reverse merger instead of an IPO? https://www.investopedia.com/ask/answers/08/reverse-merger-ipo.asp#ixzz5SpQgBwNx
Follow us: Investopedia on Facebook

However in this case money is to be raised. Where is that money coming from? Answer: A new public offering.