Verb Technology completes $558 million private placement to build TON's corporate treasury
2025-08-08 12:39:56
Nasdaq-listed Verb Technology Company announced that it has raised $558 million through the issuance of approximately 58.70 million shares of common stock, led by Kingsway, Vy Capital, Blockchain.com, Ribbit Capital and Graticule (GAMA), CMCC Global, Pantera, ParaFi Capital, Luxor Capital, Arrington Capital, Animoca, Kraken, Primitive Ventures and other institutions participated. The company plans to immediately purchase TON and use it as the company's main financial reserve asset. In addition, the company also plans to change its name to TON Strategy Co.
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