Verb Technology closes $558M private placement
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 08 2025
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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.
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.
