Summary by Moomoo AI
Verb Technology, a Nasdaq-listed company, has reported a series of financial transactions and business developments in its annual report. Financially, the company has engaged in both equity and debt financing activities. It sold Series C Shares for $3.0 million with a 10% annual dividend and no voting rights. Additionally, Verb Technology entered into agreements to sell over 27 million shares of common stock to institutional investors, raising $6.6 million without incurring banker fees. In debt financing, the company issued a promissory note for $5.5 million with a maturity of 18 months and monthly redemption payments capped at $0.6 million. VerbMarketplace, LLC, a subsidiary, guaranteed the obligations under the note. The company also settled a $1.0 million promissory note with Streeterville, bearing a 9% annual interest. Verb Technology's...Show More
