VERB Verb Technology Company Inc

 

EXPLANATORY NOTE

 

Verb Technology Company, Inc., a Nevada corporation (the “Company”) has prepared this Amendment No. 1 to Form 1-A (“Amendment”) solely for the purpose of filing the Opinion and Consent of Sichenzia Ross Ference Carmel LLP as Exhibits 11.2 and 12.1. Accordingly, this Amendment consists only of this explanatory note, the signature page to the Form 1-A, the exhibit index, and the exhibits referenced therein. The preliminary offering circular filed February 14, 2024 is unchanged and therefore has been omitted.

 

 

PART III. EXHIBITS.

 

EXHIBITS

 

Exhibit Number		Description		Form		File Number		Exhibit Number		Filing Date		Filed Herewith
2.1		Articles of Incorporation as filed with the Secretary of State of the State of Nevada on November 27, 2012		S-1		333-187782		3.1		04/08/2013
2.2		Amended and Restated Bylaws of Verb Technology Company, Inc.		8-K		001-38834		3.12		11/01/2019
2.3		Certificate of Change as filed with the Secretary of State of the State of Nevada on October 6, 2014		8-K		001-38834		3.3		10/22/2014
2.4		Articles of Merger as filed with the Secretary of State of the State of Nevada on October 6, 2014		8-K		001-38834		3.4		10/22/2014
2.5		Articles of Merger as filed with the Secretary of State of the State of Nevada on April 4, 2017		8-K		001-38834		3.5		04/24/2017
2.6		Certificate of Correction as filed with the Secretary of State of the State of Nevada on April 17, 2017		8-K		001-38834		3.6		04/24/2017
2.7		Certificate of Change as filed with the Secretary of State of the State of Nevada on February 1, 2019		10-K		001-38834		3.7		02/07/2019
2.8		Articles of Merger as filed with the Secretary of State of the State of Nevada on January 31, 2019		10-K		001-38834		3.8		02/07/2019
2.9		Certificate of Correction as filed with the Secretary of State of the State of Nevada on February 22, 2019		S-1/A		333-226840		3.9		03/14/2019
2.10		Articles of Merger of Sound Concepts, Inc. with and into NF Merger Sub, Inc. as filed with the Utah Division of Corporations and Commercial Code on April 12, 2019		10-Q		001-38834		3.10		05/15/2019
2.11		Statement of Merger of Verb Direct, Inc. with and into NF Acquisition Company, LLC as filed with the Utah Division of Corporations and Commercial Code on April 12, 2019		10-Q		001-38834		3.11		05/15/2019
2.12		Certificate of Withdrawal of Certificate of Designation of Series A Convertible Preferred Stock as filed with the Secretary of State of the State of Nevada on August 10, 2018		S-1		333-226840		4.28		08/14/2018
2.13		Certificate of Designation of Rights, Preferences, and Restrictions of Series A Convertible Preferred Stock as filed with the Secretary of State of the State of Nevada on August 12, 2019		10-Q		001-38334		3.12		08/14/2019

 

 

2.14		Certificate of Designation of Series B Preferred Stock, dated February 17, 2023		8-K		001-38834		3.1		02/24/2023
2.15		Certificate of Amendment to the Articles of Incorporation, dated April 17, 2023		8-K		001-38834		3.1		04/18/2023
2.16		Certificate of Designation of Series C Preferred Stock, dated December 28, 2023		8-K		001-38834		3.1		01/04/2024
3.1		Common Stock Purchase Warrant dated January 11, 2018 issued to EMA Financial, LLC		8-K		001-38834		10.3		01/26/2018
3.2		Form of Investor Common Stock Purchase Warrant		S-1/A		333-226840		4.34		04/02/2019
3.3		Form of Underwriter’s Common Stock Purchase Warrant		S-1/A		333-226840		4.35		04/02/2019
3.4		Form of Common Stock Purchase Warrant in favor of A.G.P./Alliance Global Partners		S-1/A		333-226840		4.36		04/02/2019
3.5		Form of Common Stock Purchase Warrant		10-Q		001-38834		4.37		08/14/2019
3.7		Form of Common Stock Purchase Warrant (granted by the Company in February 2020 and March 2020)		8-K		001-38834		4.38		02/25/2020
3.8		Common Stock Purchase Warrant dated August 5, 2020 in favor of Iroquois Capital Investment Group LLC		S-3		333-243438		4.18		08/10/2020
3.9		Common Stock Purchase Warrant dated August 5, 2020 in favor of Iroquois Master Fund Ltd.		S-3		333-243438		4.19		08/10/2020
3.10		Common Stock Purchase Warrant dated August 6, 2020 in favor of Kingsbrook Opportunities Master Fund LP		S-3		333-243438		4.20		08/10/2020
3.11		Common Stock Purchase Warrant dated July 10, 2019 in favor of Meridian Newcastle Group, Inc.		S-3		333-243438		4.21		08/10/2020
3.12		Common Stock Purchase Warrant dated July 10, 2019 in favor of Meridian Newcastle Group, Inc.		S-3		333-243438		4.22		08/10/2020
3.13		Description of Securities Registered Pursuant to Section 12 of the Securities Exchange Act of 1934		10-K/A		001-38834		4.17		06/04/2020
3.14		Form of Common Stock Purchase Warrant		8-K		001-38834		4.1		4/22/2022
4.1		Form of Subscription Agreement		1-A		024-12400		4.1		2/14/2024

 

 

6.1#		2014 Stock Option Plan		8-K		001-38834		10.1		10/22/2014
6.2		Verb Technology Company, Inc. 2019 Omnibus Incentive Plan		S-8		333-235684		4.13		12/23/2019
6.3		Executive Employment Agreement dated December 20, 2019 by and between the Company and Rory J. Cutaia		10-K		001-38834		10.2		05/14/2020
6.4		Agreement and Plan of Merger, dated November 8, 2018, by and among the Company, Sound Concepts, Inc., NF Merger Sub, Inc., NF Acquisition Company, LLC, the shareholders of Sound Concepts, Inc., and the shareholders’ representative		8-K		001-38834		10.1		11/14/2018
6.5		Letter Agreement dated November 8, 2018, by and among the Company, Sound Concepts, Inc., NF Merger Sub, Inc., NF Acquisition Company, LLC, the shareholders of Sound Concepts, Inc., and the shareholders’ representative		8-K		001-38834		10.2		11/14/2018
6.6		Letter Agreement dated November 12, 2018, by and among the Company, Sound Concepts, Inc., NF Merger Sub, Inc., NF Acquisition Company, LLC, the shareholders of Sound Concepts, Inc., and the shareholders’ representative		8-K		001-38834		10.3		11/14/2018
6.7		Partner Application Distribution Agreement dated February 4, 2019, by and between the Company and Salesforce.com, Inc.		10-K		001-38834		10.43		02/07/2019
6.8		Lease Agreement dated February 5, 2019 by and between the Company and NPBeach Marina LLC		S-1/A		333-226840		10.45		02/19/2019
6.9		Warrant Agent Agreement dated April 4, 2019 by and between the Company and VStock Transfer, LLC		8-K		001-38834		10.1		04/05/2019
6.10		First Amendment to Lease dated June 2, 2019 by and between the Company and NPBeach Marina LLC		10-Q		001-38834		10.54		08/14/2019
6.11		Extension Letter from the Company to NPBeach Marina LLC dated March 26, 2019		10-Q		001-38834		10.55		08/14/2019
6.12		Securities Purchase Agreement dated August 14, 2019 between the Company and certain purchasers identified therein		10-Q		001-38834		10.56		08/14/2019
6.13		Form of Omnibus Waiver and Acknowledgment Agreement, entered into as of February 7, 2020, by and between the Company and certain purchasers of the Company’s Series A convertible Preferred Stock and grantees of the Company’s common stock purchase warrants in August 2019		8-K		001-38834		10.58		02/25/2020

 

 

6.14		Form of alternative Omnibus Waiver And Acknowledgement Agreement, entered into as of February 7, 2020, by and between the Company and certain purchasers of the Company’s Series A convertible Preferred Stock and grantees of the Company’s common stock purchase warrants in August 2019		8-K		001-38834		10.58a		02/25/2020
6.15		Form of Indemnity Agreement between the Company and each of its Executive Officers and Directors		10-K/A		001-38834		10.43		06/04/2020
6.16		Membership Interest Purchase Agreement, dated September 4, 2020, by and among Verb Acquisition Co., LLC, Ascend Certification, LLC, the sellers party thereto and Steve Deverall, as the seller representative		8-K		001-38834		10.1		09/10/2020
6.17		Amended and Restated Operating Agreement of Verb Acquisition Co., LLC, dated September 4, 2020, by and among Verb Acquisition Co., LLC and the members party thereto		8-K		001-38834		10.6		09/10/2020
6.18		At-the-Market Issuance Sales Agreement, dated November 16, 2021, between the Company and Truist Securities, Inc.		8-K		001-38834		1.1		11/16/2021
6.19		Common Stock Purchase Agreement, dated January 12, 2022, between the Company and Tumim Stone Capital LLC		8-K		001-38834		10.1		1/13/2022
6.20		Securities Purchase Agreement, dated January 12, 2022, amongst the Company and certain institutional investors identified therein		8-K		001-38834		10.2		1/13/2022
6.21		Form of Securities Purchase Agreement		8-K		001-38834		10.1		4/22/2022
6.22		Form of Securities Purchase Agreement		8-K		001-38834		10.1		10/28/2022
6.23		Note Purchase Agreement, dated November 7, 2022, between Verb Technology Company, Inc. and Streeterville Capital, LLC		10-Q		001-38834		10.1		11/14/22
6.24		Promissory Note, dated November 7, 2022, issued by Verb Technology Company, Inc.		10-Q		001-38834		10.2		11/14/22
6.25		Underwriting Agreement, dated January 24, 2023, by and between the Company and Aegis Capital Corp		8.K		001-38834		1.1		01/26/2023

 

 

6.26		Subscription and Investment Representation Agreement, dated February 17, 2023, by and between the Company and purchaser signatory thereto		8-K		001-38834		10.1		02/24/2023
6.27		2019 Stock Incentive Plan (amended September 2, 2020 and ratified by Stockholders October 16, 2020)		DEF 14A		001-38834				09/11/2020
6.28		Amendment to 2019 Stock Incentive Compensation Plan		DEF 14A		001-38834				2/28/2023
6.29		Note Purchase Agreement dated October 11, 2023, between the Company and Streeterville Capital, LLC		8-K		001-38834		10.1		10/17/2023
6.30		Promissory Note dated October 11, 2023, issued by the Company		8-K		001-38834		10.2		10/17/2023
6.31		ATM Sales Agreement between the Company and Ascendiant Capital Markets, LLC, dated December 15, 2023		8-K		001-38834		1.1		12/15/2023
6.32		Securities Purchase Agreement, dated December 29, 2023, by and between the Company and Streeterville Capital, LLC		8-K		001-38834		10.1		01/04/2024
7.1		Asset Purchase Agreement dated June 13, 2023, between the Company and SW Direct Sales, LLC		8-K		001-38834		10.1		06/20/2023
9.1		Letter of Weinberg & Company, P.A. dated April 21, 2023		8-K		001-38834		16.1		04/21/2023
11.1		Consent of Weinberg & Company, PA		1-A		024-12400		11.1		2/14/2024
11.2		Consent of Sichenzia Ross Ference Carmel LLP (included in Exhibit 12.1)										X
12.1		Opinion of Sichenzia Ross Ference Carmel LLP										X

 

(#) A contract, compensatory plan or arrangement to which a director or executive officer is a party or in which one or more directors or executive officers are eligible to participate.

 

 

SIGNATURES

 

Pursuant to the requirements of Regulation A, the issuer certifies that it has reasonable grounds to believe that it meets all of the requirements for filing this Amendment and has duly caused this offering statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Las Vegas, State of Nevada, on February 23, 2024.

 

	VERB TECHNOLOGY COMPANY, INC.
	By:	/s/ Rory J. Cutaia
		Rory J. Cutaia
		Chief Executive Officer (Principal Executive Officer)

 

This Offering Statement has been signed by the following persons in the capacities and on the dates indicated.

 

Signature		Title		Date
/s/ Rory J. Cutaia		Chairman of the Board,		February 23, 2024
Rory J. Cutaia		Chief Executive Officer, President and Secretary
		(Principal Executive Officer)
/s/ Bill J. Rivard		Chief Financial Officer		February 23, 2024
Bill J. Rivard		(Principal Financial Officer and Principal Accounting Officer)
/s/ James P. Geiskopf		Lead Director		February 23, 2024
James P. Geiskopf
/s/ Kenneth S. Cragun		Director		February 23, 2024
Kenneth S. Cragun
/s/ Edmund C. Moy		Director		February 23, 2024
Edmund C. Moy

 

 

 

Exhibit 12.1

 

 

February 23, 2024

 

Verb Technology Company, Inc.

2700 S. Las Vegas Blvd., Suite 2301

Las Vegas, Nevada 89109

 

Re: Offering Statement on Form 1-A

 

Ladies and Gentlemen:

 

We have acted as counsel to Verb Technology Company, Inc., a Nevada corporation (the “Company”), in connection with the preparation and filing of an offering statement on Form 1-A (the “Offering Statement”). The Offering Statement covers the contemplated sale of up to 27,397,260 shares of the Company’s common stock (the “Shares”).

 

In connection with this opinion, we have examined originals or copies, certified or otherwise identified to our satisfaction, of the following:

 

1. Articles of Incorporation of the Company, as amended;

 

2. Bylaws of the Company, as amended;

 

3. The Offering Statement; and

 

4. Written consent of the Board of Directors of the Company approving the offering of the Shares under the Offering Statement.

 

We have also examined originals or copies, certified or otherwise identified to our satisfaction, of such records of the Company and such agreements, certificates and receipts of public officials, certificates of officers or other representatives of the Company and others, and such other documents as we have deemed necessary or appropriate as a basis for the opinions stated below.

 

In our examination, we have assumed the genuineness of all signatures, including endorsements, the legal capacity and competency of all natural persons, the authenticity of all documents submitted to us as originals, the conformity to original documents of all documents submitted to us as facsimile, electronic, certified or photostatic copies, and the authenticity of the originals of such copies. In making our examination of executed documents, we have assumed (i) that the parties thereto, other than the Company, had the power, corporate or other, to enter into and perform all obligations thereunder and (ii) the due authorization by all requisite action, corporate or other, and the execution and delivery by such parties of such documents, and the validity and binding effect thereof on such parties.

 

1185 AVENUE OF THE AMERICAS | 31ST FLOOR | NEW YORK, NY | 10036

T (212) 930-9700 | F (212) 930-9725 | WWW.SRFC.LAW

 

 

 

In rendering our opinion, we have relied on the applicable laws of the State of Nevada, as those laws presently exist and as they have been applied and interpreted by courts having jurisdiction within the State of Nevada. We express no opinion with respect to the applicability thereto, or the effect thereon, of the laws of any other jurisdiction.

 

Based upon and subject to the foregoing, we are of the opinion that the Shares being sold pursuant to the Offering Statement are duly authorized and will be, when issued in the manner described in the Offering Statement, legally and validly issued, fully paid and non-assessable.

 

We hereby consent to the filing of this opinion with the Commission as an exhibit to the Offering Statement. We also hereby consent to the reference to our firm under the caption “Legal Matters” in the offering circular. This opinion is expressed as of the date hereof unless otherwise expressly stated, and we disclaim any undertaking to advise you of any subsequent changes in the facts stated or assumed herein or of any subsequent changes in applicable laws.

 

	Very truly yours,
	/s/ Sichenzia Ross Ference Carmel LLP
	Sichenzia Ross Ference Carmel LLP

 

1185 AVENUE OF THE AMERICAS | 31ST FLOOR | NEW YORK, NY | 10036

T (212) 930-9700 | F (212) 930-9725 | WWW.SRFC.LAW

 

 

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