Verb Technology Company (Nasdaq: VERB) Announces Approximately $558 Million Private Placement to Establish First Publicly Listed TON Treasury Strategy Company, in Partnership with Kingsway Capital
Verb Technology (Nasdaq: VERB) has announced a significant $558 million private placement to establish the first publicly listed TON Treasury Strategy Company. The company will rebrand as TON Strategy Co. (TSC) and plans to use the majority of proceeds to acquire Toncoin ($TON), the native cryptocurrency of The Open Network blockchain.
The PIPE transaction involves selling 58.7 million shares at $9.51 per share to over 110 institutional and crypto-native investors, led by Kingsway Capital and anchored by notable firms including Vy Capital, Blockchain.com, Ribbit Capital, and Graticule. The deal is expected to close around August 7, 2025.
Post-transaction, the company will be led by Executive Chairman Manuel Stotz, with a new management team bringing significant crypto and institutional expertise. The company will hold one of the largest $TON positions globally, representing approximately 5% of TON's circulating supply, with 36% of share capital locked up for 6-12 months.
Verb Technology (Nasdaq: VERB) ha annunciato un'importante offerta privata da 558 milioni di dollari per creare la prima societ脿 pubblicamente quotata dedicata alla strategia del TON Treasury. La societ脿 cambier脿 nome in TON Strategy Co. (TSC) e intende utilizzare la maggior parte dei fondi raccolti per acquistare Toncoin ($TON), la criptovaluta nativa della blockchain The Open Network.
L'operazione PIPE prevede la vendita di 58,7 milioni di azioni a 9,51 dollari per azione a oltre 110 investitori istituzionali e nativi del settore crypto, guidati da Kingsway Capital e supportati da importanti realt脿 come Vy Capital, Blockchain.com, Ribbit Capital e Graticule. La chiusura dell'accordo 猫 prevista intorno al 7 agosto 2025.
Dopo la transazione, la societ脿 sar脿 guidata dal Presidente Esecutivo Manuel Stotz, con un nuovo team di gestione che apporter脿 una significativa esperienza nel settore crypto e istituzionale. La societ脿 deterr脿 una delle maggiori posizioni in $TON a livello globale, pari a circa il 5% della circolazione totale di TON, con il 36% del capitale azionario vincolato per un periodo di 6-12 mesi.
Verb Technology (Nasdaq: VERB) ha anunciado una importante colocaci贸n privada de 558 millones de d贸lares para establecer la primera compa帽铆a p煤blica de estrategia del TON Treasury. La empresa cambiar谩 su nombre a TON Strategy Co. (TSC) y planea usar la mayor parte de los fondos para adquirir Toncoin ($TON), la criptomoneda nativa de la blockchain The Open Network.
La transacci贸n PIPE implica la venta de 58,7 millones de acciones a 9,51 d贸lares por acci贸n a m谩s de 110 inversores institucionales y nativos del sector cripto, liderados por Kingsway Capital y respaldados por firmas destacadas como Vy Capital, Blockchain.com, Ribbit Capital y Graticule. Se espera que el acuerdo se cierre alrededor del 7 de agosto de 2025.
Tras la transacci贸n, la compa帽铆a estar谩 dirigida por el Presidente Ejecutivo Manuel Stotz, con un nuevo equipo directivo que aportar谩 una amplia experiencia en cripto e institucional. La empresa poseer谩 una de las mayores posiciones en $TON a nivel mundial, representando aproximadamente el 5% del suministro circulante de TON, con el 36% del capital social bloqueado durante 6-12 meses.
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鞚措矆 PIPE 瓯半灅電� 5,870毵� 欤�毳� 欤茧嫻 9.51雼煬鞐� 110氇� 鞚挫儊鞚� 旮瓣磤 氚� 鞎旐樃頇旐彁 鞝勲 韴瀽鞛愳棎瓴� 韺愲Г頃橂姅 瓴冹溂搿�, Kingsway Capital鞚� 欤茧弰頃橁碃 Vy Capital, Blockchain.com, Ribbit Capital, Graticule 霌� 鞙犽獏 旮办梾霌れ澊 彀胳棳頃╇媹雼�. 瓯半灅電� 2025雲� 8鞗� 7鞚缄步 毵堧毽悹 鞓堨爼鞛呺媹雼�.
瓯半灅 鞕勲 頉� 須岇偓電� 斓滉碃瓴届榿鞛� 須岇灔鞚� 毵堧垊鞐� 鞀ろ啝旄犼皜 鞚措亴氅�, 鞎旐樃頇旐彁 氚� 旮瓣磤 韴瀽 攵勳暭鞐愳劀 頀嶋秬頃� 瓴巾棙鞚� 臧栰稑 靸堧鞖� 瓴届榿歆勳澊 頃╇頃╇媹雼�. 須岇偓電� 鞝� 靹戈硠鞐愳劀 臧�鞛� 韥� $TON 氤挫湢鞛� 欷� 頃橂倶臧� 霅� 瓴冹澊氅�, 鞚措姅 TON 鞙犿喌霟夓潣 鞎� 5%鞐� 頃措嫻頃橂┌, 36%鞚� 欤检嫕 鞛愲掣鞚� 6~12臧滌洈 霃欖晥 鞛犼笀 靸來儨搿� 鞙犾霅╇媹雼�.
Verb Technology (Nasdaq : VERB) a annonc茅 un placement priv茅 important de 558 millions de dollars afin de cr茅er la premi猫re soci茅t茅 cot茅e en bourse d茅di茅e 脿 la strat茅gie TON Treasury. La soci茅t茅 changera de nom pour devenir TON Strategy Co. (TSC) et pr茅voit d鈥檜tiliser la majeure partie des fonds pour acqu茅rir Toncoin ($TON), la cryptomonnaie native de la blockchain The Open Network.
La transaction PIPE consiste 脿 vendre 58,7 millions d鈥檃ctions 脿 9,51 dollars par action 脿 plus de 110 investisseurs institutionnels et natifs de la crypto, men茅e par Kingsway Capital et soutenue par des acteurs renomm茅s tels que Vy Capital, Blockchain.com, Ribbit Capital et Graticule. La cl么ture de l鈥檃ccord est pr茅vue aux alentours du 7 ao没t 2025.
Apr猫s la transaction, la soci茅t茅 sera dirig茅e par le pr茅sident ex茅cutif Manuel Stotz, avec une nouvelle 茅quipe de direction apportant une expertise significative dans les domaines de la crypto et des institutions. La soci茅t茅 d茅tiendra l鈥檜ne des plus grandes positions en $TON au monde, repr茅sentant environ 5 % de l鈥檕ffre en circulation de TON, avec 36 % du capital bloqu茅 pendant 6 脿 12 mois.
Verb Technology (Nasdaq: VERB) hat eine bedeutende Privatplatzierung in H枚he von 558 Millionen US-Dollar angek眉ndigt, um das erste b枚rsennotierte TON Treasury Strategy Unternehmen zu gr眉nden. Das Unternehmen wird in TON Strategy Co. (TSC) umbenannt und plant, den Gro脽teil der Mittel zum Erwerb von Toncoin ($TON), der nativen Kryptow盲hrung der The Open Network Blockchain, zu verwenden.
Die PIPE-Transaktion umfasst den Verkauf von 58,7 Millionen Aktien zu je 9,51 US-Dollar an 眉ber 110 institutionelle und krypto-affine Investoren, angef眉hrt von Kingsway Capital und unterst眉tzt von namhaften Firmen wie Vy Capital, Blockchain.com, Ribbit Capital und Graticule. Der Abschluss der Transaktion wird f眉r etwa 7. August 2025 erwartet.
Nach der Transaktion wird das Unternehmen vom Executive Chairman Manuel Stotz gef眉hrt, unterst眉tzt von einem neuen Managementteam mit umfangreicher Erfahrung im Krypto- und institutionellen Bereich. Das Unternehmen wird eine der gr枚脽ten $TON-Positionen weltweit halten, was etwa 5 % des umlaufenden TON-Angebots entspricht, wobei 36 % des Aktienkapitals f眉r 6-12 Monate gesperrt sind.
- Secured massive $558 million in gross proceeds through oversubscribed PIPE offering
- Strategic partnership with Telegram, which has over 1 billion monthly active users
- Strong institutional backing with over 110 investors including major firms
- 36% of share capital subject to 6-12 months lock-up period
- Will control approximately 5% of TON's circulating supply
- Potential for additional revenue through staking rewards
- Significant exposure to cryptocurrency market volatility
- Major shift from existing business model introduces execution risks
- Heavy concentration in single cryptocurrency asset ($TON)
- Substantial dilution for existing shareholders through 58.7 million new shares
Insights
Verb Technology's $558M raise transforms it into a Toncoin treasury reserve company with strong institutional backing and strategic positioning in the Telegram ecosystem.
Verb Technology (VERB) has executed a $558 million private placement to transform itself into TON Strategy Co. (TSC), positioning as the first publicly traded treasury reserve focused on Toncoin ($TON), the native cryptocurrency of The Open Network blockchain. This strategic pivot represents a fundamental business model transformation with several notable elements:
The upsized and oversubscribed offering attracted over 110 institutional and crypto-native investors, including prominent firms like Kingsway Capital, Vy Capital, Blockchain.com, Ribbit Capital, and Graticule. This broad institutional participation signals strong market confidence in the TON ecosystem strategy.
Post-transaction, the company will use the majority of proceeds to acquire Toncoin, immediately becoming one of the largest holders globally. The underlying strategic rationale centers on TON's exclusive blockchain partnership with Telegram, which now reports over one billion monthly active users globally.
The TON blockchain's integration with Telegram creates a potentially powerful network effect - it's the exclusive payment system for Telegram's ecosystem, including creator withdrawals, advertising payments, tokenized assets, and mini-apps. This captive ecosystem within one of the world's largest messaging platforms creates a natural demand driver for TON tokens.
A key value proposition for investors is the dual-return mechanism: potential token appreciation coupled with staking rewards that generate ongoing yield. This allows the company to grow its TON exposure through passive income, creating a compound effect for shareholders.
The incoming leadership team brings significant cryptocurrency and financial expertise, including Manuel Stotz (Kingsway Capital founder and TON Foundation President) as Executive Chairman, with strategic advisory from Blockchain.com's CEO Peter Smith. This management transition represents a complete strategic overhaul.
With 36% of share capital locked for 6-12 months post-closing and plans to allocate 77% of raised capital to digital assets, the transaction structure suggests a long-term commitment to the TON treasury strategy. The company maintains it will continue and expand existing operations while implementing the new treasury approach.
- Upsized and oversubscribed PIPE offering by Verb Technology Company Inc. (Nasdaq: VERB) expected to deliver approximately
$558 million in gross proceeds - Company is expected to create the first publicly traded treasury reserve of Toncoin, the native cryptocurrency of The Open Network blockchain, which has an exclusive partnership with Telegram, the world鈥檚 second largest messenger with over one billion monthly active users
- Deeply experienced team expected to be led by Executive Chairman Manuel Stotz, Founder & CEO of Kingsway Capital and President of the TON Foundation, supported by a strategic partnership with Blockchain.com
- Over 110 institutional and crypto-native investors subscribed to the deal, led by Kingsway Capital and anchored by Vy Capital, Blockchain.com, Ribbit Capital, and Graticule (GAMA)
- Transaction expected to close on or around August 7, 2025
LAS VEGAS, Aug. 04, 2025 (GLOBE NEWSWIRE) -- Verb Technology Company, Inc. (Nasdaq: VERB) (the 鈥淐ompany鈥�) today announced the pricing of an upsized and oversubscribed private placement (鈥淧IPE transaction鈥�), positioning the Company to implement a TON treasury strategy. The Company expects to rebrand as TON Strategy Co. (鈥淭SC鈥�) and become the first publicly traded treasury reserve of Toncoin ($TON), the native cryptocurrency of The Open Network (鈥淭ON鈥�) blockchain, in partnership with Kingsway Capital.
The Company has entered into a PIPE transaction with institutional and accredited investors for the purchase and sale of approximately 58.7 million shares of common stock (including pre-funded warrants) at a purchase price of
Earlier this year, Telegram and the TON Foundation announced that TON would become the exclusive blockchain powering Telegram鈥檚 ecosystem. It is the only way for millions of Telegram creators and mini app developers to withdraw rewards earned from users and advertisers, the only accepted payment method for Telegram Ads in most countries, the sole platform for Telegram鈥檚 tokenized assets 鈥� including usernames, accounts, and gift NFTs 鈥� and the only permitted blockchain for Telegram鈥檚 mini app ecosystem. Unlike other social applications, Telegram users can use $TON within the messenger without leaving the interface. Earlier this quarter, TON Wallet, a self-custodial wallet built into Telegram鈥檚 interface, went live to its 87 million U.S. users. Globally, Telegram reports to have over one billion monthly active users and to be the world鈥檚 fastest growing large-scale messenger app.
鈥淭elegram is the preferred messenger for the growing global crypto community and $TON is the currency that powers the Telegram ecosystem. In my judgment, permanent capital vehicles are particularly suitable for long-term holdings of $TON, which not only has the potential to compound in value, but also offers staking yield, meaning TSC can benefit from staking rewards,鈥� said Manuel Stotz, incoming Executive Chairman.
鈥淭he TON ecosystem marks a major step in global crypto adoption, and I鈥檓 proud we鈥檙e leading efforts to drive investment in the future of digital commerce,鈥� said Peter Smith, CEO & Co-Founder of Blockchain.com and incoming Special Advisor to the Company. 鈥淚聽believe this new leadership team鈥檚 combined crypto and institutional expertise will foster blockchain innovation.鈥�
鈥淚鈥檓 excited to work with Manny, the incoming leadership team and the Kingsway team, and for the value creation opportunity this deal represents for all VERB stockholders,鈥� stated Rory J. Cutaia, VERB CEO.
Incoming Leadership Team & Special Advisor
Upon close of the transaction, the Company鈥檚 executives and special advisor are expected to have significant crypto industry and institutional expertise. These include:
- Executive Chairman Manuel Stotz, Founder & CEO of Kingsway Capital and President of the TON Foundation
- Chief Executive Officer Veronika Kapustina, a former Senior Advisor to the TON Foundation and former Morgan Stanley banker
- Chief Financial Officer Sarah Olsen, Co-founder of Europa Partners and former Head of Corporate Development for Onyx by JP Morgan
- Special Advisor Peter Smith, CEO & Co-Founder of Blockchain.com
Institutional & Crypto Native Investors
Over 110 institutional and crypto-native investors subscribed to the deal, led by Kingsway Capital and anchored by Vy Capital,聽Blockchain.com, Ribbit Capital, and Graticule (GAMA). Additional investors include CMCC Global, Pantera, MEXC Ventures,聽ParaFi Capital, Luxor Capital, Arrington Capital, Animoca, Kraken, BitGo, FalconX, Orbs Group, The Open Platform (TOP), TVM Ventures, Kenetic, Hivemind Capital, UNCAP, DigiStrats, Pacific Coast Venture Partners, and several high-profile crypto founders like Guy Young, Founder of Ethena Labs.
Expected Result of PIPE聽Transaction
Following closing, the Company expects to have:
- One of the largest percentages (
36% ) of its share capital subject to lock up (between six to 12 months, subject to customary exceptions); - One of the largest cash assets to total assets (
77% of total raise) raised amongst Digital Asset Treasury (鈥淒AT鈥�) companies for non-BTC & ETH digital assets; - One of the largest cash assets to underlying market value of circulating supply of $TON (approximately
5% of the market value of circulating supply); and - Significant cash reserves to grow $TON treasury post launch.
Trading & Next Steps
The Company鈥檚 common stock will continue to trade on the Nasdaq under the ticker 鈥淰ERB,鈥� with the updated treasury strategy effective immediately following closing, which is expected to take place on or around August 7, 2025. The company will emphasise transparency, compliance, and verification of holdings. Additional updates on the acquisition of $TON, treasury growth and governance measures are expected in the coming weeks.
Advisors
Cohen & Company Capital Markets, a division of Cohen & Company Securities, LLC, served as lead financial advisor to Kingsway Capital and sole placement agent to the Company.
Reed Smith LLP served as legal advisor to Kingsway Capital. Perkins Coie LLP served as legal advisor to the Company. Brownstein Hyatt Farber Schreck served as Nevada legal advisor to the Company. Morgan Lewis served as legal advisor to Cohen & Company Capital Markets.
About VERB
Verb Technology Company, Inc. (Nasdaq: VERB) is transforming the landscape of social commerce.聽The Company operates multiple business units, each of which leverages the Company鈥檚 social commerce technology and video marketing expertise. MARKET.live, together with recently acquired AI social commerce technology innovator LyveCom, is a multi-vendor, livestream social shopping platform that allows brands and merchants to deliver a true omnichannel livestream shopping experience across their own websites, apps, and social platforms. Advanced AI capabilities power real-time user-generated-content creation, automated video content repurposing for high conversion video ads, and AI-powered virtual live shopping hosts that are virtually indistinguishable from human hosts, capable of real-time audience engagement. Brands utilize the Company鈥檚 proprietary AI model trained on tens of thousands of video commerce interactions to automate content creation and intelligent tools designed to optimize merchandising strategies and increase conversion rates.聽
The Company is headquartered in Las Vegas, NV and operates full-service production and creator studios in the Los Angeles, California vicinity.
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About Kingsway Capital Partners Limited
Kingsway Capital Partners Limited (鈥淜ingsway鈥�) is a London-headquartered, FCA-regulated investment manager, with several billion USD in assets under management, and with over a decade-long history of investing across emerging markets, as well as a >5-year track record as an institutional investor in the growing global digital assets ecosystem.
Kingsway has also been an early and active investor in high quality consumer, consumer internet, fintech, payments and gaming companies. The firm has quickly become a leading investment manager in digital assets since entering this industry in 2020, bringing an institutional, disciplined and long-term mindset to the sector.
Founded in 2013, Kingsway manages predominantly U.S. institutional and high-net-worth investor capital. The firm鈥檚 leadership also brings deep sector expertise to this initiative, with its CEO serving as President of the TON Foundation, as well as on the Board of Blockchain.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the expected settlement and closing of the PIPE Financing, the Company鈥檚 Toncoin holdings, the implementation of a TON treasury strategy, the anticipated rebranding of the Company, expected changes in board management of the Company, the Company鈥檚 future business strategy, and other strategic initiatives. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially, and reported results should not be considered as an indication of future performance. Important factors that may affect actual results or outcomes include, but are not limited to: risks related to whether the Company will be able to satisfy the conditions required to close the transactions; the potential impact of market and other general economic conditions; the ability of the Company to successfully execute its business plan and achieve the intended benefits thereof; the Company鈥檚 failure to manage growth effectively; the Company鈥檚 failure to fully realize the anticipated benefits of the PIPE Offering; and other risks and uncertainties set forth in the Company鈥檚 Annual Report on Form 10-K for the year ended December 31, 2024 and the Company鈥檚 Quarterly Report on Form 10-Q for the quarter ended March 31, 2025 filed with the SEC, and in the Company鈥檚 subsequent filings with the SEC. These forward-looking statements speak only as of the date hereof, and the Company disclaims any obligation to update these forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.
Important Information
The offer and sale of the foregoing securities were made in a private placement in reliance on an exemption from the registration requirement of the Securities Act of 1933, as amended (the 鈥淪ecurities Act鈥�), pursuant to Section 4(a)(2) of the Securities Act and/or Regulation D promulgated thereunder, and applicable state securities laws. Accordingly, the securities offered in the private placement may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirement of the Securities Act and such applicable state securities laws. Concurrently with the execution of the securities purchase agreements, the Company and the investors entered into a registration rights agreement pursuant to which the Company has agreed to file a registration statement with the Securities and Exchange Commission (the 鈥淪EC鈥�) registering the resale of the shares of common stock to be issued or issuable in connection with the offering.
This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, nor shall there be any sale of any securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Media Contact:
Edelman Smithfield
Source: Verb Technology Company, Inc.
FAQ
What is the size of Verb Technology's (NASDAQ:VERB) private placement announced in August 2025?
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