SCHEDULE 13G/A: Corsair Capital Group Discloses Passive 1.1% Stake in Verb Technology Company Inc.
Beneficial Ownership Statement
Corsair Capital and its affiliates have filed an amended Schedule 13G, disclosing their passive beneficial ownership of 1.1% of Verb Technology Company Inc.'s common stock as of December 31, 2024.
Summary
- The filing is an Amendment No. 3 to Schedule 13G for Verb Technology Company Inc. (Issuer: Common Stock, $0.0001 par value per share, CUSIP 92337U302).
- The Reporting Persons include Corsair Capital Partners, L.P., Corsair Capital Partners 100, L.P., Corsair Capital Investors, Ltd, Corsair Capital Management, L.P., Jay R. Petschek, and Steven Major.
- Collectively, the Reporting Persons beneficially own 10,900 shares of Verb Technology Company Inc. Common Stock.
- This aggregate ownership represents 1.1% of the total outstanding shares of Common Stock, based on 993,120 shares outstanding as of December 30, 2024.
- The filing indicates that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer, signifying a passive investment stance.
Sentiment
Score: 5
Explanation: The document is a factual regulatory filing disclosing beneficial ownership and does not contain information that would inherently indicate a positive or negative sentiment regarding the company's performance or outlook.
Future Outlook
NA
Industry Context
This filing is a standard regulatory disclosure of passive ownership by an investment group and does not provide specific insights into broader industry trends or competitive landscape for Verb Technology Company Inc.
Stakeholder Impact
- Shareholders: Provides transparency regarding the beneficial ownership stake held by Corsair Capital and its affiliates, confirming a passive investment approach.
Key Dates
| Date | Description |
|---|---|
| 12/30/2024 | Date 993,120 shares of Common Stock were reported outstanding on the Issuer's Form S-8. |
| 12/31/2024 | Date of event which requires the filing of this statement. |
| 02/14/2025 | Filing date of the Schedule 13G Amendment No. 3. |
Keywords
Verb Technology Company Inc., Common Stock, Schedule 13G, Beneficial Ownership, Corsair Capital, Passive Investment, Investment Management
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