Verb Technology Raises $558M to Power TON Strategy And Boost Toncoin Treasury

Description

Verb Technology (Nasdaq: VERB) has raised $558 million through an oversubscribed private placement to transition into TON Strategy Co. (TSC), the first publicly listed firm to adopt Toncoin (TON) as its primary treasury reserve asset. The deal, priced at $9.51 per share, attracted over 110 institutional and crypto-native investors, including Kingsway Capital, Blockchain.com, and Ribbit Capital. The rebranding marks a dramatic pivot from Verb’s previous operations to a bold new strategy centered ...