Verb Technology Co Inc Stock Price, News & Analysis

VERB Technology Company, Inc. (Nasdaq: VERB) released a letter from Chairman & CEO Rory J. Cutaia to stockholders. Key points include:

• Current market cap is approximately $3.8M
• Cash in bank of approximately $17.2M as of last Form 10-Q filing
• Only debt is a $125K SBA loan at 3.75% interest over 30 years
• CEO argues stock should trade at over $22 per share based on net cash value alone
• VERB operates MARKET.live, a livestream social shopping platform, and GO FUND YOURSELF!, a TV show and crowdfunding platform

Cutaia expresses concern that investors may not be fully recognizing the value of VERB's businesses and financial position.

Verb Technology Company (Nasdaq: VERB) announced that stockholders approved a 1-for-200 reverse stock split of its common shares. The split will take effect on October 9, 2024, with shares continuing to trade under the symbol 'VERB' but with a new CUSIP number. This decision follows a stockholder vote at the Annual Meeting on September 26, 2024, where a significant majority favored authorizing the Board to implement a reverse split.

The reverse split aims to increase the market price per share and bring the company into compliance with Nasdaq's $1.00 minimum bid price requirement. It will reduce the number of outstanding shares from approximately 152,645,986 to 763,230. Proportional adjustments will be made to stock options and warrants. Stockholders are not required to take any action, and fractional shares will be rounded up to the nearest whole share.

Verb Technology Company (Nasdaq: VERB) has launched 'GO FUND YOURSELF!', an interactive social crowd funding platform for companies seeking exposure for their Regulation CF and Regulation A offerings. The platform combines an interactive TV show with VERB's MARKET.live capabilities, allowing real-time investments and product purchases during the show.

The first episode, featuring UFC fighter Michael Chandler, airs on September 19, 2024. The show includes guest Titans such as Michael Chandler and James Maslow, alongside Founding Titans David Meltzer, Jayson Waller, and Rory J. Cutaia. The initial episodes will showcase companies like GolfLync, Elf Labs, Zirconia, and Tuleva.

This new business vertical generates revenue through fees from featured companies, product sales, and sponsorships. VERB CEO Rory J. Cutaia states that the company is repositioning as a holding company structure with three distinct businesses, a strong balance sheet, and plans to deliver improved performance for stockholders.

Verb Technology Company, Inc. (Nasdaq: VERB) has announced a significant technology integration and strategic vendor relationship with Pinterest for its MARKET.live platform. This integration allows MARKET.live to leverage Pinterest's 500 million monthly active users, expanding its social shopping reach. As a Pinterest Verified Merchant, MARKET.live gains access to exclusive features and benefits, enhancing user trust and shopping experience.

Key highlights include:

• Integration with Pinterest's large user base
• Ability to broadcast livestreams across multiple social platforms
• Seamless, native shopping experience within the Pinterest app
• Enhanced visibility and trust through Verified Merchant status
• Potential for increased sales conversions for consumer brands

This move is expected to significantly boost MARKET.live's presence in the U.S. social shopping landscape, particularly in the beauty sector and beyond.

VERB Technology Company (Nasdaq: VERB) has announced a partnership with BeautyStat and TikTok for an exclusive skincare event on August 28, 2024. The event will be livestreamed on TikTok through VERB's MARKET.live platform from 3 pm to 7 pm PT. BeautyStat CEO Ron Robinson and beauty influencer Drew Dorsey will host the event, offering skincare expertise and -time offers to TikTok's audience.

The collaboration aims to leverage VERB's experience in China to deliver an engaging experience showcasing BeautyStat's innovative skincare products. Viewers can expect live-only key pricing, exclusive discounts, giveaways, and bundles available only through TikTok during the event. This partnership represents a convergence of e-commerce and entertainment, allowing brands to monetize their social media followers across multiple platforms simultaneously.

Verb Technology Company (VERB) has announced an exclusive simulcast of 'The Collab' event on its MARKET.live platform on July 19, 2024. The event, featuring David Meltzer and Dane Cook, will be hosted by Rob Riggle at the YouTube Theater in Inglewood, California. Special guests include NBA star Baron Davis and NFL legend Marshall Faulk, among others.

The livestream will be the only way to experience the event remotely, offering a unique blend of humor and business insights. MARKET.live viewers will have the exclusive opportunity to purchase event merchandise directly through the livestream using VERB's shoppable video technology. This collaboration represents a significant milestone for MARKET.live, demonstrating the expansion of its shoppable platform service offering.

Verb Technology Company (VERB) has announced a major expansion of its MARKET.live tech integration with TikTok Shop. This new integration enables TikTok Shop sellers to offer custom print-on-demand merchandise directly through their TikTok Shop accounts, eliminating the need for inventory carrying costs. TikTok Shop creators can now produce and sell custom merchandise on-demand, resulting in increased margins and revenues. David Meltzer, with over 880K followers, is one of the first to adopt this technology, offering branded merchandise without any inventory management hassle. VERB's CEO, Rory J. Cutaia, emphasized that the integration removes barriers to entry for creators and enhances the potential of livestream shopping on TikTok.

Verb Technology Company, Inc. (Nasdaq: VERB) has been granted an additional 180-day period by Nasdaq to regain compliance with the $1.00 minimum closing bid price requirement. The company has met all continued listing requirements, except for the bid price rule, and has increased shareholder equity by approximately $15.8 million over the past 10 months. Additionally, the company has enhanced its cash position, reduced debt, fully-funded its operations for at least the next 14 months, and restructured its business, positioning itself for success.

Verb Technology Company, Inc. partnered with TikTok Shop for a celebratory event at MARKET.live Studios, drawing over 300 attendees. TikTok Shop executives shared the platform's growth and services, emphasizing collaboration with MARKET.live for mutual growth.