Welcome to our dedicated page for Verb Technology news (Ticker: VERBW), a resource for investors and traders seeking the latest updates and insights on Verb Technology stock.
News related to the VERBW symbol centers on Verb Technology Company, Inc. (Nasdaq: VERB) and its evolution across social commerce, telehealth, crowdfunding, and digital assets. Company press releases highlight how Verb positions itself as transforming social commerce through its MARKET.live livestream shopping platform, its GO FUND YOURSELF interactive crowdfunding TV show, and its VANITYPrescribed and GoodGirlRx telehealth portals. More recent announcements describe a strategic shift toward a Toncoin-focused digital asset treasury model and a renaming to TON Strategy Company, with trading under the ticker TONX.
On this news page, readers can find coverage of Verb’s business milestones, including the acquisition of AI social commerce platform LyveCom, which the company states enhances MARKET.live with AI-driven video commerce, automated content repurposing, and AI-powered virtual hosts. News items also describe MARKET.live’s production of livestream shopping events for brands on platforms such as TikTok LIVE and Walmart.com, illustrating how Verb’s technology is used in real-world campaigns.
Investors can also review releases detailing Verb’s financial updates, such as quarterly earnings, revenue trends following the sale of its prior direct sales SaaS unit, and capital-raising transactions like the upsized and oversubscribed private placement intended to fund a Toncoin treasury strategy. Later communications under the TON Strategy Company name discuss the company’s focus on holding Toncoin as a primary treasury reserve asset and its belief that integration with the Telegram ecosystem is important to its digital asset thesis.
Because these announcements come directly from company communications, this news feed offers a centralized view of how Verb’s business model, capital structure, and strategic direction have developed over time, from interactive video-based social commerce toward a Toncoin-oriented digital asset treasury approach.
Verb Technology Company (Nasdaq: VERB) announced a short delay in filing its Form 10-K due to the need for further assessment of subsequent events and completion of its audit. The new filing date and earnings call will be communicated once established, anticipated within the extension period of Form 12b-25. The company specializes in interactive video-based sales applications, notably the MARKET.live platform, which integrates ecommerce with social interaction. With operations in over 100 countries, VERB aims to enhance customer engagement across various channels.
Verb Technology Company, Inc. (NASDAQ: VERB) announced a conference call on March 31, 2023, at 6:00 PM ET to discuss its fourth quarter and full-year financial results for 2022. CEO Rory J. Cutaia and CFO Salman Khan will lead the call. The results will be released prior to the conference. VERB specializes in interactive video-based sales applications, providing a SaaS platform used globally. Its innovative MARKET.live platform offers a livestream shopping experience, underscoring its position in the evolving e-commerce landscape. The call provides a vital update for investors as the company moves forward.
Verb Technology Company (Nasdaq: VERB) has initiated an investigation into potential illicit trading activities involving its shares, engaging ShareIntel and other forensic experts. The company's board is evaluating shareholder-focused initiatives, including a possible special dividend, while monitoring industry strategies to combat such trading. Following a recent capital raise and the settlement of senior secured debt, VERB is committed to actions that safeguard shareholder interests. The CEO emphasized a data-driven approach in addressing these concerns.
Verb Technology Company (Nasdaq: VERB) has announced a partnership with the United Inventors Association (UIA) to launch a new series, InventHer Live, during National Women Inventors Month. The series, debuting on February 2, 2023, focuses on women inventors and their products, featuring notable hosts and creators from various fields including Fashion and Home Solutions. The initiative aims to create awareness about female innovators while providing a platform to showcase their products and stories. VERB's MARKET.live platform, a social shopping and livestream commerce destination, continues to expand its engagement strategies through innovative programming.
Verb Technology Company (Nasdaq: VERB) has fully paid off its senior secured convertible debt totaling $6.3 million ahead of schedule and terminated its equity line of credit. This repayment was made in cash, eliminating any potential equity dilution. The Common Stock Purchase Agreement allowing the sale of $50 million in newly issued shares has also been mutually terminated. Verb is known for its interactive video-based sales applications and operates the MARKET.live platform, which enhances ecommerce engagement for brands and retailers.
Verb Technology Company, Inc. (NASDAQ: VERB) announced the successful closing of an underwritten public offering generating gross proceeds of $7.2 million. The offering involved 36,051,000 shares of common stock priced at $0.20 per share. Proceeds will be allocated for general corporate purposes and debt repayment. Aegis Capital Corp. served as the sole book-running manager for this offering, conducted under an effective shelf registration statement with the SEC. Verb is recognized for its innovative interactive video-based sales applications, including its MARKET.live platform.
Verb Technology Company, Inc. (NASDAQ: VERB) announced plans for a public offering of its common stock without warrants, aiming to use proceeds for general corporate purposes and debt repayment. The offering depends on market conditions, and there is uncertainty regarding its completion or specifics. Aegis Capital Corp. serves as the sole book-running manager for this transaction, which is part of an effective shelf registration statement filed with the SEC. Detailed terms will be provided in a prospectus supplement. This announcement reflects Verb's ongoing strategy to strengthen its financial position.
Verb Technology Company (Nasdaq: VERB) has announced an investigation into suspected illegal trading activities, including naked short selling and spoofing, that may have artificially depressed its stock price. The company believes these actions have broader implications, affecting its business, cost of capital, and compliance with Nasdaq's listing requirements. The board is evaluating options, including engaging forensic experts and collaborating with other affected firms for greater integrity in the capital markets. CEO Rory J. Cutaia emphasized that such trading practices harm both companies and retail investors, underscoring the need for accountability.
Verb Technology Company (Nasdaq: VERB) announces the launch of its first weekly shoppable entertainment series, ‘Meet Me on MARKET with Drew Dorsey’, exclusively on the MARKET.live platform. The show, premiering on December 6, 2022, will showcase over five hours of interactive programming featuring popular products and brands. It aims to transform traditional viewing into active participation with clickable shopping capabilities and real-time interaction. CEO Rory J. Cutaia highlights the show's potential to define a new medium for shoppable entertainment.
Verb Technology Company, Inc. (Nasdaq: VERB) has successfully raised $9 million in gross proceeds from recent financings, including a $5 million non-dilutive loan with a fixed interest rate of 9%. The company completed cost-cutting measures, reducing monthly operating costs while executives accepted a 25% compensation cut. Nasdaq granted a new 6-month extension for share price compliance. The company's SaaS recurring subscription revenue increased by 19% year-over-year. Furthermore, the MARKET.live platform gained 76,000 shoppers and over 250 livestream events are confirmed through the holiday season.