Verb Technology says MARKET.live livestream shopping business plan fully funded

Verb Technology announced that for the first time in the history of the company, as of March 28, the disclosures concerning the company’s audited financial statements, as set forth in its 2023 Form 10-K filed on April 1 do not contain a “Going Concern” opinion. As further set forth in the Form 10-K, the company disclosed that it had cash and cash equivalents of approximately $14.2M and notes payable of approximately $1.2M. As further stated in the current Form 10-K “(W)e believe that our enhanced cash position coupled with our substantially reduced current operating costs means our operations are fully funded for at least the next 14 months, and possibly longer subject to revenue generation during that period. As a result, we have alleviated substantial doubt about the company’s ability to continue as a going concern.”