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Verb Technology Company, a Nasdaq-listed social commerce technology firm, has announced a private placement raising approximately $558 million to establish the first publicly listed treasury strategy company focused on Toncoin ($TON). The capital raise involved the issuance of 58.7 million shares at $9.51 each and was led by Kingsway Capital, with Vy Capital anchoring the deal. Following the fundraising, Verb Technology plans to rebrand as TON Strategy Co. and will use the proceeds to stockpile and stake Toncoin, positioning itself as an institutional gateway to the Telegram-backed Ton blockchain ecosystem. The move marks the first Nasdaq-listed company to adopt Toncoin as its primary treasury asset. The announcement has driven Verb's stock price to surge over 200%.
SCOOP: Verb Technology just closed a $558M oversubscribed raise led by Kingsway Capital — and is going all-in on $TON 📰 The firm will rebrand as TON Strategy Co., stake its $TON for yield and position itself as the institutional bridge to Telegram's billion-user ecosystem https://t.co/1QTO2LQUmO
Full interview: Head of Linea @DeclanFox14 on @fomohour 01:40 - Declan & Linea’s background 04:00 - Why Linea? 07:30 - Tokenomics, grants & ecosystem 12:00 - @Consensys + @MetaMask + @LineaBuild 14:40 - Ethereum 18:50 - How can users get involved with Linea? https://t.co/0aef8aKYAM
Full interview: Head of Linea @DeclanFox14 on @fomohour 01:40 - Declan & Linea’s background 04:00 - Why Linea? 07:30 - tokenomics, grants & ecosystem 12:00 - @Consensys + @MetaMask + @LineaBuild 14:40 - Ethereum 18:50 - How can users get involved with Linea? https://t.co/8Iroswx4R7
