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.
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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.