Verb Technology raises $5M via 20.85M share offering at $0.24/share

TON Strategy Co

Issued 20,851,667 shares of common stock at $0.24 per share for gross proceeds of $5,004,400.
Offering placed by CEO Rory Cutaia with no commissions paid.
Subscription agreements signed March 18, 2024; closing expected by March 19, 2024.
Offering made under Form 1-A qualified by SEC on March 11, 2024.
Shares sold to institutional investors at-the-market under Nasdaq rules.

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 $5,004,400.08 (effective 2024-03-18).

Action: entry
Agreement: equity purchase
Counterparty: certain institutional investors
Value: $5,004,400.08
Effective: 2024-03-18

Exact text from the filing

On March 18, 2024, Verb Technology Company, Inc, a Nevada corporation (the “Company”), entered into subscription agreements with certain institutional investors (the “Agreements”), pursuant to which the Company agreed to issue and sell to the investors 20,851,667 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 $5,004,400.08.

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TON Strategy Co filing history →

Source: SEC EDGAR

accession 0001493152-24-010499

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