I totally disagree. They already had an ATM offering they just increased it because they know a 10M+ market cap is not sustainable with revenues of 7k/quarter.
Rory said Verb had enough money to last 14 months, then days later Verb files an amendment to the prospectus to sell (dilute) more shares to raise more money…
“The Company also stated in the Form 10-K that “[W]e believe that our enhanced cash position coupled with our substantially reduced current operating costs means our operations are fully funded for at least the next 14 months, and possibly longer subject to revenue generation during that period. As a result, we have alleviated substantial doubt about the Company’s ability to continue as a going concern.”