0000000000-20-005624.txt : 20200818 0000000000-20-005624.hdr.sgml : 20200818 20200623165122 ACCESSION NUMBER: 0000000000-20-005624 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20200623 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: Verb Technology Company, Inc. CENTRAL INDEX KEY: 0001566610 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PERSONAL SERVICES [7200] IRS NUMBER: 461669753 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: UPLOAD BUSINESS ADDRESS: STREET 1: 2210 NEWPORT BOULEVARD STREET 2: SUITE 200 CITY: NEWPORT BEACH STATE: CA ZIP: 92663 BUSINESS PHONE: 855-250-2300 MAIL ADDRESS: STREET 1: 2210 NEWPORT BOULEVARD STREET 2: SUITE 200 CITY: NEWPORT BEACH STATE: CA ZIP: 92663 FORMER COMPANY: FORMER CONFORMED NAME: nFusz, Inc. DATE OF NAME CHANGE: 20170425 FORMER COMPANY: FORMER CONFORMED NAME: BBOOTH, INC. DATE OF NAME CHANGE: 20141022 FORMER COMPANY: FORMER CONFORMED NAME: Global System Designs, Inc. 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Registration Statement on Form S-1 Filed June 9, 2020 File No. 333-239055 Dear Mr. Cutaia: We have limited our review of your registration statement to those issues we have addressed in our comment. In our comment, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe our comment applies to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your registration statement and the information you provide in response to this comment, we may have additional comments. Registration Statement on Form S-1 Choice of Forum, page 90 1. We note that your forum selection provision identifies "courts located within the State of Nevada" as the exclusive forum for certain litigation, including any "derivative action." Please revise to clarify whether "courts located within the State of Nevada" includes both state and federal courts, and whether the provision applies to claims made under the federal securities laws. In that regard, we note that Section 27 of the Exchange Act creates exclusive federal jurisdiction over all suits brought to enforce any duty or liability created by the Exchange Act or the rules and regulations thereunder, and Section 22 of the Securities Act creates concurrent jurisdiction for federal and state courts over all suits brought to enforce any duty or liability created by the Securities Act or the rules and regulations thereunder. If the provision applies to claims made under the federal securities Rory Cutaia Verb Technology Company, Inc. June 23, 2020 Page 2 laws, please revise to include disclosure regarding the risks or other impacts of the provision on investors, including but not limited to increased costs to bring a claim and the potential discouraging of claims or limitation of investors' ability to bring claims in judicial forums that they find favorable. Further, if the provision applies to Securities Act claims, please also revise your registration statement to state that there is uncertainty as to whether a court would enforce such provision and that investors cannot waive compliance with the federal securities laws and the rules and regulations thereunder. If this provision does not apply to actions arising under the Securities Act or Exchange Act, please also ensure that the exclusive forum provision in the governing documents states this clearly, or tell us how you will inform investors in future filings that the provision does not apply to any actions arising under the Securities Act or Exchange Act. We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. Refer to Rules 460 and 461 regarding requests for acceleration. Please allow adequate time for us to review any amendment prior to the requested effective date of the registration statement. Please contact Cara Wirth at (202) 551-7127 or Lilyanna Peyser at (202) 551-3222 with any questions. Sincerely, FirstName LastNameRory Cutaia Division of Corporation Finance Comapany NameVerb Technology Company, Inc. Office of Trade & Services June 23, 2020 Page 2 cc: Larry Cerutti, Esq. FirstName LastName