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Verb Technology Company, Inc. (Nasdaq: VERB) is a market leader in interactive video-based sales applications. The company's MARKET.live platform is a multi-vendor, multi-presenter, livestream social shopping destination that merges ecommerce and entertainment. With a focus on enhancing sales performance through digitizing offline sales and holistic consulting, VERB offers expertise in b2b telesales, sales promotion, field force, event marketing, and door2door campaigns. Recent achievements include a surge in retailers joining MARKET.live, excess cash on the balance sheet, debt reduction, and restructuring completion.
Verb Technology Company has launched a waitlist for its new multivendor livestream shopping platform, MARKET, aimed at creating a dynamic online shopping experience. The platform allows simultaneous livestream shopping sessions by various vendors and offers features such as a multivendor shopping cart and affiliate rewards. Designed for both mobile and desktop, MARKET enhances customer engagement with real-time analytics and professional-quality streaming. This initiative represents VERB's commitment to merging ecommerce with entertainment, potentially transforming online sales channels.
Verb Technology Company (Nasdaq: VERB) announced that CEO Rory J. Cutaia will meet with institutional investors at A.G.P.’s Virtual Emerging Growth Technology Conference on February 2, 2022. Cutaia will showcase VERB's innovative interactive video technology solutions, including the upcoming launch of MARKET, a livestream shopping platform designed for multiple vendors and presenters. This platform aims to revolutionize ecommerce by merging shopping with entertainment, catering to various consumer brands and influencers.
Verb Technology Company (Nasdaq: VERB) has appointed Salman Khan as Interim Chief Financial Officer, effective immediately. Mr. Khan joined VERB in 2021 as Executive Vice President and has over 20 years of finance experience, holding leadership roles at NYSE-listed companies. He is expected to strengthen VERB’s finance department and lead future growth initiatives. CEO Rory Cutaia affirmed Mr. Khan's significant role in recent financial strategies. Former CFO Jeff Clayborne will assist during the transition.
Verb Technology Company (Nasdaq: VERB) announced a securities purchase agreement with institutional investors to raise $6.3 million through convertible notes and up to $50 million via a common stock purchase agreement with Tumim Stone Capital. The convertible notes, due in 2023, have a 6% interest rate and an initial conversion price of $3.00. Proceeds will support working capital and the expansion of the MARKET platform, which focuses on shoppable livestream events. The financing aims to enhance VERB's strategic capabilities in interactive video-based sales solutions.
Verb Technology Company (Nasdaq: VERB) announced that CEO Rory J. Cutaia will speak at the Benzinga All Access Conference on December 16, 2021, at 11 a.m. ET. He will highlight Market, a new interactive livestream shopping platform designed for simultaneous sessions from various vendors. A soft launch is scheduled for this month, with broader events planned for January and February 2022. The company's software applications, including interactive video tools, are available globally, enhancing customer engagement for both enterprises and small businesses.
Verb Technology Company (Nasdaq: VERB) has announced new developments regarding Market, its innovative 24/7 multivendor interactive livestream shopping platform, during the Sidoti Virtual Microcap Conference. This platform aims to revolutionize online shopping by allowing numerous brands, stores, and influencers to host simultaneous livestream sessions. CEO Rory Cutaia expressed excitement over the soft launch planned for this month, with broader launch events set for February 2022. Market is expected to create significant value for the company and its shareholders.
Verb Technology Company (Nasdaq: VERB) announced that CEO Rory J. Cutaia will present at the Sidoti Virtual Microcap Conference on Dec. 8, 2021, at 4 p.m. ET. The presentation will showcase VERB's innovative interactive video technology for sales enablement, targeting growth in the livestream eCommerce sector. Cutaia will also hold one-on-one meetings with institutional investors. VERB's software solutions are available in over 60 countries, enhancing customer engagement for businesses of all sizes.
Verb Technology Company (Nasdaq: VERB) announced that CEO Rory J. Cutaia will present at The Benchmark Company’s Discovery One-on-One Virtual Video Investor Conference on December 2, 2021. Cutaia will showcase the company’s interactive shoppable video technology solutions and its positioning within the rapidly growing livestream eCommerce sector. The conference will feature around 50 small and micro-cap companies, attracting over 150 institutional investors.
Verb Technology Company, Inc. (Nasdaq: VERB) announced it has filed a prospectus supplement with the SEC to sell up to $30 million of its common stock through an at-the-market (ATM) offering program. CEO Rory J. Cutaia emphasized the importance of minimizing shareholder dilution while pursuing new capital to support growth initiatives. Proceeds from the offering will be used for general corporate purposes, including prospective acquisitions and enhancing the company's eCommerce platforms. The firm aims to execute these plans while maintaining financial flexibility.
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