Verb Technology Stock Is Soaring Monday: Here's Why
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 04 2025
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Source: Benzinga
Company Rebranding and Strategy: Verb Technology Co is rebranding as TON Strategy Co, focusing on Toncoin, the cryptocurrency of The Open Network blockchain, and plans to raise approximately $558 million through a private placement to acquire Toncoin and generate staking rewards.
Stock Performance: Following the announcement, Verb Technology's shares surged by nearly 90%, trading at $18.20, with the transaction expected to close around August 7, while continuing to trade under the ticker "VERB" on Nasdaq.
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.
