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8-K: Shareholder Letter Dated 10 October 2024

8-K: Shareholder Letter Dated 10 October 2024

8-K:2024年10月10日的股东信函
美股SEC公告 ·  10/11 11:33

Moomoo AI 已提取核心信息

On October 11, 2024, Rory J. Cutaia, the President and CEO of Verb Technology Company, Inc., issued a letter to the company's stockholders, updating them on the company's status and future prospects. The letter, filed with the SEC, addressed the recent reverse stock split, the company's current share price, and the financial condition, including a market cap of approximately $3.8M, cash reserves of $17.2M, and minimal debt. Cutaia highlighted the restructuring of Verb Technology into a holding company with three revenue-generating business units, one of which is yet to be announced. The CEO expressed confidence in the company's growth trajectory, citing improved third-quarter results and even better expectations for the fourth quarter. The letter also explained the necessity...Show More
On October 11, 2024, Rory J. Cutaia, the President and CEO of Verb Technology Company, Inc., issued a letter to the company's stockholders, updating them on the company's status and future prospects. The letter, filed with the SEC, addressed the recent reverse stock split, the company's current share price, and the financial condition, including a market cap of approximately $3.8M, cash reserves of $17.2M, and minimal debt. Cutaia highlighted the restructuring of Verb Technology into a holding company with three revenue-generating business units, one of which is yet to be announced. The CEO expressed confidence in the company's growth trajectory, citing improved third-quarter results and even better expectations for the fourth quarter. The letter also explained the necessity of the reverse stock split due to a delisting notice from Nasdaq, emphasizing that it was a decision made by the stockholders. Cutaia assured stockholders of the company's strong financial position, minimal debt, and the potential undervaluation of the stock, which, based on net cash value, should trade at over $22 per share.
2024年10月11日,Verb Technology公司总裁兼首席执行官Rory J. Cutaia向公司股东发出一封信,更新了公司的现状和未来前景。这封信已提交给美国证券交易委员会(SEC),内容涉及最近的股票逆向拆分、公司当前的股价以及财务状况,包括大约380万美元的市值、1720万美元的现金储备和最低的债务。Cutaia强调了将Verb Technology重组为一个拥有三个收入生成业务部门的控股公司,其中一个尚未公布。首席执行官表示对公司增长轨迹充满信心,称赞了第三季度业绩的改善,并对第四季度有更好的期望。该信件还解释了由于纳斯达克的退市通知而必须进行股票逆向拆分的必要性,强调这是股东做出的决定。Cutaia向股东保证公司财务状况强劲,债务最低,并且基于净现金价值的股票潜在低估,在交易时应该超过每股22美元。
2024年10月11日,Verb Technology公司总裁兼首席执行官Rory J. Cutaia向公司股东发出一封信,更新了公司的现状和未来前景。这封信已提交给美国证券交易委员会(SEC),内容涉及最近的股票逆向拆分、公司当前的股价以及财务状况,包括大约380万美元的市值、1720万美元的现金储备和最低的债务。Cutaia强调了将Verb Technology重组为一个拥有三个收入生成业务部门的控股公司,其中一个尚未公布。首席执行官表示对公司增长轨迹充满信心,称赞了第三季度业绩的改善,并对第四季度有更好的期望。该信件还解释了由于纳斯达克的退市通知而必须进行股票逆向拆分的必要性,强调这是股东做出的决定。Cutaia向股东保证公司财务状况强劲,债务最低,并且基于净现金价值的股票潜在低估,在交易时应该超过每股22美元。
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