Summary by Moomoo AI
The United States Securities and Exchange Commission (SEC) has informed Verb Technology Company, Inc. that it does not intend to review the company's offering statement, filed on May 31, 2024. The SEC's communication, dated June 6, 2024, indicates that the offering statement on Form 1-A could be qualified at the request of Verb Technology. The SEC also noted that if any participant in Verb Technology's offering requires clearance of compensation arrangements with FINRA, the regulatory body should have no objections before the qualification of the offering. Additionally, the SEC reminded Verb Technology and its management of their responsibility to ensure the accuracy and adequacy of their disclosures. Following the qualification of the Form 1-A, Verb Technology will be required to file periodic and current reports, including a Form 1-K, within 120 days after the fiscal year's end covered by the report. The SEC's letter was signed by the Division of Corporation Finance Office of Trade & Services and included a contact for further questions, Kate Beukenkamp.
