Verb Technology sells 3.75M shares at $0.24/share for $900K gross proceeds

TON Strategy Co

Issued 3,750,000 common shares at $0.24 per share to institutional investors.
Gross proceeds amount to $900,000; no placement agent or commissions paid.
Offering conducted at-the-market under Nasdaq rules via qualified Form 1-A.
Expected to close on or before March 18, 2024.

Key facts

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 entered into subscription agreements with certain institutional investors valued at gross proceeds to the Company of $900,000 (effective 2024-03-15).

Action: entry
Agreement: equity purchase
Counterparty: certain institutional investors
Value: gross proceeds to the Company of $900,000
Effective: 2024-03-15

Exact text from the filing

On March 15, 2024, Verb Technology Company, Inc, a Nevada corporation (the “Company”), entered into subscription agreements with certain institutional investors, pursuant to which the Company agreed to issue and sell to the investors 3,750,000 shares (the “Shares”) of Common Stock, par value $0.0001 per share of the Company at a price of $0.24 per share for gross proceeds to the Company of $900,000.

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Source: SEC EDGAR

accession 0001493152-24-010159

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