Verb Technology completes $558 million in private equity financing to build TON's corporate treasury "
According to online reports, Verb Technology Company, a Nasdaq-listed company, announced that it has raised US$558 million by issuing approximately 58.7 million ordinary shares. Kingsway led the investment, with 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 participating. The company plans to immediately purchase TON and use it as the company's main financial reserve asset. In addition, the company plans to change its name to TON Strategy Co.
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