Verb Technology closes $558M private placement
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 08 2025
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Should l Buy ?
Private Placement Announcement: Verb Technology Company successfully closed a $558 million private placement with Kingsway Capital, marking a significant step towards becoming the largest publicly traded treasury reserve of Toncoin ($TON), the cryptocurrency associated with the TON blockchain integrated with Telegram.
Future Plans and Rebranding: The company plans to use the proceeds from the PIPE transaction primarily to acquire $TON as its main treasury asset, aiming for sustainable staking rewards, and will rebrand itself as TON Strategy while continuing to operate its existing business units.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
