Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
TON Strategy Co terminated common stock purchase agreement with Tumim Stone Capital LLC valued at up to $50,000,000 (effective 2023-01-26).
- Action
- termination
- Agreement
- equity purchase
- Counterparty
- Tumim Stone Capital LLC
- Value
- up to $50,000,000
- Effective
- 2023-01-26
Exact text from the filing
On January 26, 2023, Verb Technology Company, Inc., a Nevada corporation (the “Company”), terminated that certain common stock purchase agreement dated January 12, 2022, entered into with Tumim Stone Capital LLC, which provided for the sale by the Company of up t o $50,000,000 of newly issued shares from time to time during the term of the agreement.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
TON Strategy Co terminated SPA with three institutional investors valued at an aggregate original principal amount of $6,300,000 (effective 2023-01-26).
- Action
- termination
- Agreement
- notes offering
- Counterparty
- three institutional investors
- Value
- an aggregate original principal amount of $6,300,000
- Effective
- 2023-01-26
Exact text from the filing
Effective January 26, 2023, the Company repaid in full all of its outstanding obligations under that certain securities purchase agreement dated January 12, 2022 entered into with three institutional investors (the “SPA”) which provided for the sale and issuance of an aggregate original principal amount of $6,300,000 in convertible notes due 2023.
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