Verb Technology Company Inc VERB shares are trading lower by 10.90% at $0.68 after the company announced an $11 million registered direct offering priced at-the-market.
Verb Technology says the company has entered into a securities purchase agreement with institutional investors for the purchase and sale of 14,666,667 shares of its common stock at a purchase price of $0.75 per share and warrants to purchase 14,666,667 shares of its common stock at an exercise price of $0.75 per share.
The securities purchase agreement is in a registered direct offering priced at-the-market, resulting in total gross proceeds of approximately $11.0 million.
See Also: AT&T Stock Is Moving Higher: Here's Why
Verb Technology develops Software-as-a-Service applications platforms in the United States, Japan and internationally.
Verb Technology has a 52-week high of $3.97 and a 52-week low of $0.65.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
