VERB Pays Off Senior Secured Debt and Cancels Equity Line of Credit
Verb Technology Company, Inc. (VERB)
Company Research
Source: GlobeNewswire
NEWPORT BEACH, Calif. and LEHI, Utah, Jan. 26, 2023 (GLOBE NEWSWIRE) -- Verb Technology Company, Inc. (Nasdaq: VERB) ("VERB" or the "Company"), the leader in interactive video-based sales-enablement applications, including shoppable livestream video, announces today that it has paid off its senior secured convertible debt in full, in cash, and cancelled its equity line of credit (“ELOC”). On January 12, 2022, the Company entered into a securities purchase agreement (the “Securities Purchase Agreement”) with three institutional investors (collectively, the “Note Holders”) providing for the sale and issuance of an aggregate original principal amount of $6,300,000 in convertible notes due 2023 (collectively the “Notes”). The Company and the Note Holders also entered into a security agreement, dated January 12, 2022 in connection with the Note Offering, pursuant to which the Company granted a security interest to the Note Holders in substantially all of its assets. Pursuant to the term
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VERB
News
- VERB's MARKET.live Adds Another 100 Retail Brands to Its Livestream Social Shopping Platform [Yahoo! Finance]Yahoo! Finance
- VERB's MARKET.live Adds Another 100 Retail Brands to Its Livestream Social Shopping PlatformGlobeNewswire
- VERB's MARKET.live x TikTok Shop Partnership Event Set for April 25th [Yahoo! Finance]Yahoo! Finance
- VERB’s MARKET.live x TikTok Shop Partnership Event Set for April 25thGlobeNewswire
- Verb Technology Company Full Year 2023 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
VERB
Sec Filings
- 4/25/24 - Form 8-K
- 4/8/24 - Form 8-K
- 4/5/24 - Form 25-NSE
- VERB's page on the SEC website