Verb Technology increases ATM offering capacity to $12.765M

TON Strategy Co

Third Amendment to ATM Sales Agreement with Ascendiant Capital Markets raises aggregate offering amount from $9.01M to $12.765M.
Amendment executed on May 10, 2024; shares may be sold from time to time in at-the-market offerings.
Company will file a prospectus supplement reflecting the increased offering amount.
Prior amendments had raised the cap from $960K to $6.26M to $9.01M.

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 amended Third Amendment to At-The-Market Issuance Sales Agreement with Ascendiant Capital Markets, LLC valued at $12,765,000 (effective 2024-05-10).

Action: amendment
Agreement: atm program
Counterparty: Ascendiant Capital Markets, LLC
Value: $12,765,000
Effective: 2024-05-10

Exact text from the filing

On May 10, 2024, the Company entered into the Third Amendment to At-The-Market Issuance Sales Agreement (the “ Amendment ”) to increase the number of shares to be sold in the ATM Offering to $12,765,000.

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Source: SEC EDGAR

accession 0001493152-24-018690

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