TechFlow, August 4 — According to an official announcement, Verb Technology (Nasdaq: VERB) today announced the completion of a private placement financing round totaling $558 million, planning to transform into the first publicly listed strategic reserve company for TON. The company will be renamed TON Strategy Co. and will hold TON as its primary reserve asset.
The private placement involved the issuance of approximately 58.7 million shares of common stock at $9.51 per share. The transaction received support from over 110 institutional and cryptocurrency investors, with major participants including Kingsway Capital and Vy Capital.
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