VERB Technology (VERB) Announces Direct 14.67M Share Offering at $0.75/sh

Verb Technology Company, Inc. (Nasdaq: VERB) today announced it has entered into a securities purchase agreement with institutional investors for the purchase and sale of 14,666,667 shares of its common stock at a purchase price of $0.75 per share and warrants to purchase 14,666,667 shares of its common stock at an exercise price of $0.75 per share (together the “Securities”) in a registered direct offering priced at-the-market, resulting in total gross proceeds of approximately $11.0 million before deducting placement agent commissions and other estimated offering expenses. The warrants will become exercisable six months following the date of issuance and will expire five years following the date on which the warrants are initially exercisable. The closing of the offering and sale of the Securities is expected to occur on or about April 25, 2022 subject to the satisfaction of customary closing conditions.

A.G.P./Alliance Global Partners is acting as the sole placement agent for the offering.

This offering is being made pursuant to a “shelf” registration statement on Form S-3 (File No. 333-264038) previously filed with and declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on April 14, 2022. A prospectus supplement describing the terms of the proposed offering will be filed with the SEC and will be available on the SEC’s website located at http://www.sec.gov. Electronic copies of the prospectus supplement may be obtained, when available, from A.G.P./Alliance Global Partners, 590 Madison Avenue, 28th Floor, New York, NY 10022, or by telephone at (212) 624-2060, or by email at [email protected].

Before investing in this offering, interested parties should carefully review the prospectus supplement and the accompanying prospectus, as well as the other documents that the Company has filed with the SEC that are incorporated by reference in the prospectus supplement and the accompanying prospectus, which provide more information about the Company and the offering.

This press release is for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy these Securities, nor shall there be any sale of these Securities, in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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