Verb Technology Company (Nasdaq: VERB) Successfully Closes $558 Million Private Placement to Launch First Publicly Listed TON Treasury Strategy Company, in Partnership with Kingsway Capital
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 08 2025
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Source: Newsfilter
Successful PIPE Transaction: Verb Technology Company has successfully closed a $558 million private placement, marking a significant step towards becoming the largest publicly traded treasury reserve of Toncoin ($TON), the cryptocurrency associated with the TON blockchain integrated with Telegram.
Company Strategy and Leadership: The company plans to use the proceeds from the PIPE transaction to acquire Toncoin as its primary treasury asset while rebranding as TON Strategy Co. The leadership team includes experienced professionals from the blockchain and finance sectors, aiming to enhance their digital asset strategy.
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.
