Verb Technology increases ATM offering capacity from $960K to $6.26M with Ascendiant Capital Markets

TON Strategy Co

Amended At-the-Market Issuance Sales Agreement with Ascendiant Capital Markets to increase aggregate offering amount from $960,000 to $6,260,000.
Amendment executed on March 19, 2024, signed by CEO Rory J. Cutaia and Ascendiant Managing Partner Bradley J. Wilhite.
Company will file a prospectus supplement with the SEC to reflect the higher offering amount.
Original agreement was dated December 15, 2023; the ATM offering allows sale of common stock from time to time.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.98

TON Strategy Co amended Amendment to At-The-Market Issuance Sales Agreement with Ascendiant Capital Markets, LLC valued at increase in aggregate offering price from $960,000 to $6,260,000 (effective 2024-03-19).

Action: amendment
Agreement: atm program
Counterparty: Ascendiant Capital Markets, LLC
Value: increase in aggregate offering price from $960,000 to $6,260,000
Effective: 2024-03-19

Exact text from the filing

On March 19, 2024, the Company entered into the Amendment to At-The-Market Issuance Sales Agreement, dated March 19, 2024 (the “ Amendment ”) to increase the number of shares to be sold in the ATM Offering to $6,260,000

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Source: SEC EDGAR

accession 0001493152-24-010503

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