![]() ![]() Forward-looking statements involve risks and uncertainties and include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and may contain words such as "anticipate," "expect," "project," "plan," or words or phrases with similar meaning. This communication contains "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. With approximately 115 employees and contractors, the Company is headquartered in Lehi, Utah, and maintains offices in Newport Beach, California. VERB’s clients include large sales-based enterprises as well as small business sales teams, including the sales and marketing departments of professional sports teams. Its software applications are used by hundreds of thousands of people in over 100 countries and in more than 48 languages. The Company’s Software-as-a-Service, or SaaS platform, based on its proprietary interactive video technology, is comprised of a suite of sales enablement business software products offered on a subscription basis. The Company’s MARKET.live platform is a multi-vendor, multi-presenter, livestream social shopping destination at the forefront of the convergence of ecommerce and entertainment, where hundreds of retailers, brands, creators and influencers can monetize their base of fans and followers across social media channels. (Nasdaq: VERB), the market leader in interactive video-based sales applications, transforms how businesses attract and engage customers. I welcome the opportunity to collaborate with other CEOs whose companies have been affected by these actions.” We believe that by combining resources and working together we bring the attention needed to effectuate change and hold those responsible accountable. When this type of trading activity continues unchecked it hurts companies like ours, but it also hurts retail investors, the honest hard-working people who invest their money in the stock market. “The pattern of suspicious trading activity in our stock as a potential cause of the continued depression of our share price has had broad implications for our business and our shareholders, impacting our cost of capital, restricting our growth, and jeopardizing compliance with Nasdaq’s listing requirements. “Today we join the fight begun by companies like Genius Group, Helbiz and Creatd, among others for greater integrity in the capital markets,” states Rory J. As VERB’s board contemplates the formulation of a comprehensive plan of action to address this activity, the board is evaluating several options, including the engagement of forensic experts, as well as working in collaboration with other listed companies and their counsel that have identified similar unusual and perhaps illicit trading activity in their shares. Based on what appear to be unusual trading patterns, the Company believes that certain individuals and/or companies may have engaged in illegal trading activities, including, among other things, naked short selling and spoofing that may have artificially depressed VERB’s stock price. (Nasdaq: VERB) ("VERB" or the "Company"), the leader in interactive video-based sales-enablement applications, including shoppable livestream video, announces today that its board of directors has begun examining measures to address the alleged illegal short selling of its stock, among other suspected trading violations. 23, 2023 (GLOBE NEWSWIRE) - Verb Technology Company, Inc. The Company Suspects There Has Been Widespread Illegal Trading Activity That Artificially Depressed Its Stock Price ![]()
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