Business Context and Reporting Period
This Form 8-K is filed by Verb Technology Company, Inc. (trading symbol: VERB) on October 4, 2021. The report covers events occurring on October 2, 2021, regarding the termination of a material definitive agreement.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on a corporate action rather than financial performance data.
Material Changes
- Termination of Sales Agreement: On October 2, 2021, the Company delivered written notice to Truist Securities, Inc. to terminate the At-The-Market Issuance Sales Agreement.
- Cessation of Sales: The Company instructed Truist to immediately cease all offers or sales of Placement Shares under the terminated agreement.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or discussion of risks and contingencies beyond the immediate termination of the sales agreement. No unusual items or financial contingencies are disclosed in this text.
Investor Verification Checklist
- Verify the total number of shares sold under the terminated At-The-Market Issuance Sales Agreement prior to October 2, 2021.
- Confirm the Company's current cash position and alternative capital raising strategies following the termination.
- Review the original Sales Agreement terms to understand any potential termination fees or obligations.
- Check for subsequent filings regarding new underwriting agreements or capital raises.