Verb Technology Company Inc (VERB)

[Mumbo Jumbo]

why convert preferred to common?

In accordance with Section 8(a) of the Certificate of Designation of Rights, Preferences, and Restrictions of Series A Convertible Preferred Stock (the “Certificate”) of Verb Technology Company, Inc., a Nevada corporation (the “Company”), the Company has elected to convert (the “Conversion”) all of the outstanding shares of the Company’s Series A Convertible Preferred Stock, par value $0.0001 per share (“Preferred Stock”) into shares of the Company’s common stock, par value $0.0001 per share (“Common Stock”). The Company made the election following a determination that the closing price of the Common Stock met the requisite trading price threshold for at least twenty (20) trading days within a thirty (30) trading day period.