LAS VEGAS, May 13, 2025 (GLOBE NEWSWIRE) -- Verb Technology Company, Inc.(Nasdaq: VERB) ("VERB" or the "Company"), Transforming the Landscape of Social Commerce, Social Telehealth and Social Crowdfunding with MARKET.live; LyveCom; VANITYPrescribed; GoodGirlRx; and the GO FUND YOURSELF TV Show, today filed its Form 10-Q reporting financial and operating results for the quarter ending March 31, 2025 and held an earnings conference call at 1 p.m.
And while we were busy signing and launching a plethora of new clients, we identified what we believe is the hottest AI social commerce technology company in the market and negotiated the terms of an $8.5 Million cash and stock acquisition, signed a comprehensive term sheet, and then rapidly drove the deal to a closing – all while actively integrating their AI technology into our own platform.We used about $4.2 Million in cash closing the acquisition - but I liked having a robust – zero debt - cashed-up balance sheet – so being an opportunist we identified a funding opportunity with extraordinary – shareholder friendly terms – negotiated it, documented it and closed it.
The Company operates multiple business units, each of which leverages the Company’s social commerce technology and video marketing expertise.MARKET.live, together with recently acquired AI social commerce technology innovator LyveCom, is a multi-vendor, livestream social shopping platform that allows brands and merchants to deliver a true omnichannel livestream shopping experience across their own websites, apps, and social platforms.
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Author / Journalist: Verb Technology Company, Inc.
The story "VERB Publishes Management’s Prepared Remarks From Its First Quarter 2025 Earnings Call" has 1935 words across 60 sentences, which will take approximately 9 - 17 minutes for the average person to read.
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