According to ChainCatcher and GlobeNewswire, Verb Technology (NASDAQ ticker: VERB) today announced the completion of a private placement financing round of $558 million, with plans to transform into the first publicly listed TON reserve strategy company. The company will be renamed TON Strategy Co. and will use TON as its primary reserve asset.
This private placement issued approximately 57.7 million common shares at a price of $9.51 per share. The transaction received support from over 110 institutions and cryptocurrency investors, with key investors including Kingsway Capital, Vy Capital, and others.
