[SCHEDULE 13D/A] Verb Technology Company, Inc. SEC Filing
Verb Technology completed a subscription that issued 57,425,254 new common shares and 1,276,863 pre-funded warrants, increasing outstanding common stock to 60,538,870 shares. As amended, the Schedule 13D shows reporting person Rory J. Cutaia beneficially owns 889,065 shares (including 1,303 shares underlying options exercisable within 60 days), representing 1.5% of the company on a fully reported basis. The filing explains the amendment updates ownership percentages solely due to the issuer's issuance of additional securities and states this Amendment No. 6 is the final amendment and constitutes an exit filing for the reporting person.
Verb Technology ha completato un'operazione che ha emesso 57,425,254 nuove azioni ordinarie e 1,276,863 warrant pre-finanziati, portando il numero di azioni ordinarie in circolazione a 60,538,870. Come modificato, il Schedule 13D indica che la persona segnalante Rory J. Cutaia detiene beneficiariamente 889,065 azioni (comprese 1,303 azioni sottostanti opzioni esercitabili entro 60 giorni), pari al 1.5% della società su base fully reported. Il deposito spiega che l'aggiornamento delle percentuali di possesso è dovuto unicamente all'emissione di titoli aggiuntivi da parte dell'emittente e dichiara che questo Amendment No. 6 è l'ultimo emendamento e costituisce una dichiarazione di uscita per la persona segnalante.
Verb Technology completó una suscripción que emitió 57,425,254 nuevas acciones ordinarias y 1,276,863 warrants prefinanciados, elevando las acciones en circulación a 60,538,870. Según la enmienda del Schedule 13D, la persona informante Rory J. Cutaia posee beneficiariamente 889,065 acciones (incluidas 1,303 acciones subyacentes a opciones ejercitables dentro de 60 días), lo que representa el 1.5% de la compañía en base fully reported. La presentación explica que la actualización de los porcentajes de propiedad se debe exclusivamente a la emisión de valores adicionales por parte del emisor y señala que esta Enmienda nº 6 es la última y constituye una presentación de salida para la persona informante.
Verb Technology는 57,425,254주의 신규 보통주와 1,276,863주의 프리펀디드 워런트를 발행하는 구독을 완료하여 발행 보통주 수를 60,538,870주로 늘렸습니다. 수정된 Schedule 13D에 따르면 보고인 Rory J. Cutaia는 1,303주(60일 이내 행사 가능한 옵션에 기초한)를 포함해 실질적으로 889,065주를 보유하고 있어 회사 지분의 1.5%를 보유하고 있습니다(fully reported 기준). 해당 제출서는 소유 비율의 변경이 발행인의 추가 증권 발행으로 인한 것임을 설명하며, 본 Amendment No. 6가 최종 수정이며 보고인의 탈퇴 신고에 해당한다고 명시합니다.
Verb Technology a finalisé une souscription ayant émis 57,425,254 nouvelles actions ordinaires et 1,276,863 warrants préfinancés, portant le nombre d'actions ordinaires en circulation à 60,538,870. Tel qu'amendé, le Schedule 13D indique que la personne déclarante Rory J. Cutaia détient bénéficiairement 889,065 actions (y compris 1,303 actions sous-jacentes à des options exerçables dans les 60 jours), soit 1.5% de la société sur une base fully reported. Le dépôt précise que la mise à jour des pourcentages de détention résulte uniquement de l'émission de titres supplémentaires par l'émetteur et indique que cet Amendment No. 6 est l'amendement final et constitue une déclaration de sortie pour la personne déclarante.
Verb Technology schloss eine Zeichnung ab, die 57,425,254 neue Stammaktien und 1,276,863 vorfinanzierte Warrants ausgab und damit die ausstehenden Stammaktien auf 60,538,870 erhöhte. Laut der geänderten Schedule 13D besitzt die meldepflichtige Person Rory J. Cutaia wirtschaftlich 889,065 Aktien (einschließlich 1,303 Aktien, die Bestandteile von Optionen sind, die innerhalb von 60 Tagen ausgeübt werden können), was 1.5% des Unternehmens auf voll berichteter Basis entspricht. Die Einreichung erklärt, dass die Anpassung der Besitzanteile ausschließlich auf die Ausgabe zusätzlicher Wertpapiere durch den Emittenten zurückzuführen ist, und stellt fest, dass diese Änderung Nr. 6 die letzte ist und eine Exit-Meldung der meldepflichtigen Person darstellt.
- Reporting person retains beneficial ownership of 889,065 shares, indicating continued alignment with the company.
- Amendment transparently updates ownership figures to reflect the issuer's issued securities and complies with disclosure requirements; it is filed as the final amendment/exit filing.
- Significant dilution: the issuer issued 57,425,254 new shares plus 1,276,863 pre‑funded warrants, increasing outstanding common stock to 60,538,870.
- Reduced ownership percentage for the reporting person to 1.5% due solely to the enlarged share base.
Insights
TL;DR: A large equity issuance materially increased shares outstanding, diluting existing ownership; reporting person retains 889,065 shares (1.5%).
The company issued 57,425,254 shares and 1,276,863 pre‑funded warrants, bringing total common shares to 60,538,870. That issuance is the direct cause of the reporting person's stated 1.5% stake, down in percentage terms relative to the enlarged share base. The report confirms no disposals by the reporting person and that the amendment updates ownership solely because of the issuer's transactions. For investors, the key metric is the enlarged share count which dilutes percentage ownership and changes per‑share metrics without indicating proceeds or use of funds in this filing.
TL;DR: Amendment transparently updates beneficial ownership after a corporate issuance and functions as the reporting person's exit amendment.
The Schedule 13D/A clarifies the composition of the reporting person's holdings—multiple vested restricted stock units, a small number of shares and options exercisable within 60 days totaling 889,065 shares—and explains the change in percentage ownership is attributable to the issuer's new share issuance. The filing states this is the final amendment and an exit filing for the reporting person, which aligns with disclosure obligations by updating ownership percentages following a material change in outstanding shares.
Verb Technology ha completato un'operazione che ha emesso 57,425,254 nuove azioni ordinarie e 1,276,863 warrant pre-finanziati, portando il numero di azioni ordinarie in circolazione a 60,538,870. Come modificato, il Schedule 13D indica che la persona segnalante Rory J. Cutaia detiene beneficiariamente 889,065 azioni (comprese 1,303 azioni sottostanti opzioni esercitabili entro 60 giorni), pari al 1.5% della società su base fully reported. Il deposito spiega che l'aggiornamento delle percentuali di possesso è dovuto unicamente all'emissione di titoli aggiuntivi da parte dell'emittente e dichiara che questo Amendment No. 6 è l'ultimo emendamento e costituisce una dichiarazione di uscita per la persona segnalante.
Verb Technology completó una suscripción que emitió 57,425,254 nuevas acciones ordinarias y 1,276,863 warrants prefinanciados, elevando las acciones en circulación a 60,538,870. Según la enmienda del Schedule 13D, la persona informante Rory J. Cutaia posee beneficiariamente 889,065 acciones (incluidas 1,303 acciones subyacentes a opciones ejercitables dentro de 60 días), lo que representa el 1.5% de la compañía en base fully reported. La presentación explica que la actualización de los porcentajes de propiedad se debe exclusivamente a la emisión de valores adicionales por parte del emisor y señala que esta Enmienda nº 6 es la última y constituye una presentación de salida para la persona informante.
Verb Technology는 57,425,254주의 신규 보통주와 1,276,863주의 프리펀디드 워런트를 발행하는 구독을 완료하여 발행 보통주 수를 60,538,870주로 늘렸습니다. 수정된 Schedule 13D에 따르면 보고인 Rory J. Cutaia는 1,303주(60일 이내 행사 가능한 옵션에 기초한)를 포함해 실질적으로 889,065주를 보유하고 있어 회사 지분의 1.5%를 보유하고 있습니다(fully reported 기준). 해당 제출서는 소유 비율의 변경이 발행인의 추가 증권 발행으로 인한 것임을 설명하며, 본 Amendment No. 6가 최종 수정이며 보고인의 탈퇴 신고에 해당한다고 명시합니다.
Verb Technology a finalisé une souscription ayant émis 57,425,254 nouvelles actions ordinaires et 1,276,863 warrants préfinancés, portant le nombre d'actions ordinaires en circulation à 60,538,870. Tel qu'amendé, le Schedule 13D indique que la personne déclarante Rory J. Cutaia détient bénéficiairement 889,065 actions (y compris 1,303 actions sous-jacentes à des options exerçables dans les 60 jours), soit 1.5% de la société sur une base fully reported. Le dépôt précise que la mise à jour des pourcentages de détention résulte uniquement de l'émission de titres supplémentaires par l'émetteur et indique que cet Amendment No. 6 est l'amendement final et constitue une déclaration de sortie pour la personne déclarante.
Verb Technology schloss eine Zeichnung ab, die 57,425,254 neue Stammaktien und 1,276,863 vorfinanzierte Warrants ausgab und damit die ausstehenden Stammaktien auf 60,538,870 erhöhte. Laut der geänderten Schedule 13D besitzt die meldepflichtige Person Rory J. Cutaia wirtschaftlich 889,065 Aktien (einschließlich 1,303 Aktien, die Bestandteile von Optionen sind, die innerhalb von 60 Tagen ausgeübt werden können), was 1.5% des Unternehmens auf voll berichteter Basis entspricht. Die Einreichung erklärt, dass die Anpassung der Besitzanteile ausschließlich auf die Ausgabe zusätzlicher Wertpapiere durch den Emittenten zurückzuführen ist, und stellt fest, dass diese Änderung Nr. 6 die letzte ist und eine Exit-Meldung der meldepflichtigen Person darstellt.
FAQ
What did Verb Technology (VERB) issue that changed ownership percentages?
How many shares does insider Rory J. Cutaia beneficially own in VERB?
What percentage of VERB does Rory J. Cutaia own after the issuance?
Did the reporting person sell any VERB shares in connection with this amendment?
Does this filing represent the final amendment for the reporting person on Schedule 13D?
