A question for this “savvy” group.
Yesterday VERB shares traded the highest volume day ever at 15,000,000 shares (closest prior to that was 1,500,000 roughly) and our public float is 26,000,000 according to WSJ.
Today we have traded 8,735,000 shares as of 11:00 am with our financing expected to close in record time on or about tomorrow Thursday 7/23.
Are the 8,735,000 shares trading on the market today, in addition to the 10,909,090 shares being bought in the financing through Ladenburg Thalmann & Co. If so, there is an absolute enormous amount of market interest here. ENORMOUS.
Plus, the security is trading above the $1.10 offering price (no warrants offered either)
Something extremely big is afoot.
VERB Announces Pricing of $12 Million Underwritten Public Offering
NEWPORT BEACH, Calif. and SALT LAKE CITY, July 21, 2020 (GLOBE NEWSWIRE) -- VERB Technology Company, Inc. (NASDAQ: VERB) ("VERB" or the "Company"), a leader in interactive video-based sales enablement applications, including interactive livestream ecommerce, webinar, CRM, and marketing applications for entrepreneurs and enterprises, has today announced the pricing of an underwritten public offering of common stock for gross proceeds of approximately $12 million prior to deducting underwriting discounts and commissions and offering expenses payable by Verb. The offering is comprised of 10,909,090 shares of common stock priced at a public offering price of $1.10 per share.??
The closing of the offering is expected to take place on or about July 23, 2020, subject to the satisfaction or waiver of customary closing conditions.
Ladenburg Thalmann & Co. Inc. is acting as sole book-running manager in connection with the offering.
A total of 10,909,090 shares of common stock will be issued in the offering. In addition, the Company has granted the underwriter a 45-day option to purchase up to an additional 1,636,363 shares of common stock solely to cover over-allotments, if any, at the public offering price per share, less the underwriting discounts and commissions.
The securities will be offered pursuant to a registration statement on Form S-1 (File No. 333-239055), which was declared effective by the United States Securities and Exchange Commission on July 21, 2020.
This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sales of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The offering is being made solely by means of a prospectus. A final prospectus relating to this offering will be filed by Verb with the SEC. When available, copies of the final prospectus can be obtained at the SEC’s website at www.sec.gov or from Ladenburg Thalmann & Co. Inc., Prospectus Department, 277 Park Avenue, 26th Floor, New York, New York 10172 or by email at prospectus@ladenburg.com.
AI
