Verb Technology Joins Genius Group and Helbiz in Going Down on Naked Short Sellers

Verb Technologies, Inc. (VERB), a provider of interactive video sales applications, has become the latest small company to announce plans to address alleged trading irregularities including naked short selling of its stock. The Newport Beach, Calif., and Lehi, Utah-based firm said it believes “certain individuals and/or firms may have engaged in illegal trading activities, including naked short selling and deception, which may have artificially VERB’s share price” The board is developing an action plan and is considering hiring forensic experts and working with other companies that have identified illicit trades in similar shares. “Today, we join companies such as Genius Group (GNS), Helbiz (HLBZ) and Creatd (CRTD) in the fight to improve the integrity of capital markets,” CEO Rory J. Cutai said in a statement . Verb stock, which closed at 23 cents on Friday, surged 33% in premarket Monday.

—Ciara Linnane


(End) Dow Jones Newswires

01-23-23 0748ET

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