Verb Technology Company (Nasdaq: VERB) Successfully Closes $558 Million Private Placement to Launch First Publicly Listed TON Treasury Strategy Company, in Partnership with Kingsway Capital
Verb Technology (Nasdaq: VERB) has successfully closed a $558 million private placement to become the first publicly traded TON Treasury Strategy Company. The PIPE transaction, which priced approximately 58.7 million shares of common stock, attracted over 110 institutional and crypto-native investors, led by Kingsway Capital and including notable participants like Vy Capital, Blockchain.com, and Ribbit Capital.
The company plans to rebrand as TON Strategy Co. (TSC) and will use the majority of proceeds to acquire Toncoin ($TON), the native cryptocurrency of TON blockchain integrated with Telegram. The new leadership team includes Manuel Stotz as Executive Chairman, Veronika Kapustina as CEO, and Sarah Olsen as CFO, with Blockchain.com CEO Peter Smith serving as Special Advisor.
Verb Technology (Nasdaq: VERB) ha completato con successo un collocamento privato da 558 milioni di dollari, diventando la prima società pubblica focalizzata sulla strategia del Tesoro TON. L'operazione PIPE, che ha previsto la quotazione di circa 58,7 milioni di azioni ordinarie, ha attirato oltre 110 investitori istituzionali e nativi del mondo crypto, guidati da Kingsway Capital e con la partecipazione di importanti attori come Vy Capital, Blockchain.com e Ribbit Capital.
La società ha in programma di cambiare nome in TON Strategy Co. (TSC) e utilizzerà la maggior parte dei fondi raccolti per acquistare Toncoin ($TON), la criptovaluta nativa della blockchain TON integrata con Telegram. Il nuovo team dirigenziale comprende Manuel Stotz come Presidente Esecutivo, Veronika Kapustina come CEO e Sarah Olsen come CFO, con il CEO di Blockchain.com, Peter Smith, nel ruolo di Consigliere Speciale.
Verb Technology (Nasdaq: VERB) ha cerrado con éxito una colocación privada de 558 millones de dólares, convirtiéndose en la primera empresa pública de estrategia de tesorería TON. La transacción PIPE, que valoró aproximadamente 58,7 millones de acciones comunes, atrajo a más de 110 inversores institucionales y nativos en criptomonedas, liderados por Kingsway Capital e incluyendo participantes destacados como Vy Capital, Blockchain.com y Ribbit Capital.
La compañía planea cambiar su nombre a TON Strategy Co. (TSC) y utilizará la mayor parte de los fondos para adquirir Toncoin ($TON), la criptomoneda nativa de la blockchain TON integrada con Telegram. El nuevo equipo directivo incluye a Manuel Stotz como Presidente Ejecutivo, Veronika Kapustina como CEO y Sarah Olsen como CFO, con Peter Smith, CEO de Blockchain.com, como Asesor Especial.
Verb Technology (나스닥: VERB)가 5억 5,800만 달러 규모의 사모 투자를 성공적으로 마무리하며 공개 상장된 최초의 TON 재무 전략 회사가 되었습니다. 이번 PIPE 거래는 약 5,870만 주의 보통주를 발행했으며, Kingsway Capital이 주도하고 Vy Capital, Blockchain.com, Ribbit Capital 등 주요 투자자 110여 곳이 참여했습니다.
회사는 TON Strategy Co. (TSC)로 사명을 변경할 계획이며, 모금된 자금의 대부분을 Telegram과 통합된 TON 블록체인의 네이티브 암호화폐인 Toncoin($TON) 매입에 사용할 예정입니다. 새로운 경영진에는 마누엘 스토츠가 이사회 의장, 베로니카 카푸스티나가 CEO, 사라 올슨이 CFO로 합류했으며, Blockchain.com의 CEO 피터 스미스가 특별 고문으로 활동합니다.
Verb Technology (Nasdaq : VERB) a clôturé avec succès un placement privé de 558 millions de dollars, devenant ainsi la première société cotée spécialisée dans la stratégie de trésorerie TON. La transaction PIPE, qui a permis de fixer le prix d’environ 58,7 millions d’actions ordinaires, a attiré plus de 110 investisseurs institutionnels et natifs de la crypto, menée par Kingsway Capital et incluant des participants notables tels que Vy Capital, Blockchain.com et Ribbit Capital.
L’entreprise prévoit de changer de nom pour TON Strategy Co. (TSC) et utilisera la majeure partie des fonds pour acquérir Toncoin ($TON), la cryptomonnaie native de la blockchain TON intégrée à Telegram. La nouvelle équipe dirigeante comprend Manuel Stotz en tant que président exécutif, Veronika Kapustina comme CEO et Sarah Olsen comme CFO, avec Peter Smith, CEO de Blockchain.com, en tant que conseiller spécial.
Verb Technology (Nasdaq: VERB) hat erfolgreich eine Private Placement in Höhe von 558 Millionen US-Dollar abgeschlossen und ist damit das erste börsennotierte TON Treasury Strategy-Unternehmen geworden. Die PIPE-Transaktion, bei der rund 58,7 Millionen Stammaktien ausgegeben wurden, zog über 110 institutionelle und krypto-native Investoren an, angeführt von Kingsway Capital und mit namhaften Teilnehmern wie Vy Capital, Blockchain.com und Ribbit Capital.
Das Unternehmen plant, sich in TON Strategy Co. (TSC) umzubenennen und wird den Großteil der Erlöse verwenden, um Toncoin ($TON) zu erwerben, die native Kryptowährung der TON-Blockchain, die in Telegram integriert ist. Das neue Führungsteam besteht aus Manuel Stotz als Executive Chairman, Veronika Kapustina als CEO und Sarah Olsen als CFO, wobei Peter Smith, CEO von Blockchain.com, als Sonderberater fungiert.
- Successful closing of large $558 million PIPE transaction with strong institutional backing
- Strategic partnership with Kingsway Capital and participation from 110+ prominent investors
- First-mover advantage as the first publicly traded TON treasury reserve
- Potential for sustainable revenue through staking rewards
- Strong leadership team with extensive blockchain and financial experience
- Significant shift in business model introduces new crypto market risks
- Heavy concentration in a single cryptocurrency asset (TON)
- Regulatory uncertainty surrounding cryptocurrency investments
- Potential volatility exposure to crypto markets
Insights
Verb Technology's $558M raise transforms it into a publicly-traded Toncoin treasury reserve, marking a significant institutional crypto adoption milestone.
Verb Technology's
The transaction's structure is particularly noteworthy. With 58.7 million shares sold to over 110 institutional and crypto-native investors, this demonstrates extraordinary investor confidence in both the TON ecosystem and the treasury reserve model. The investor consortium includes traditional financial powerhouses alongside crypto-native funds - precisely the kind of institutional bridge the cryptocurrency ecosystem has sought.
The strategic rationale centers on TON's unique position as the exclusive blockchain infrastructure powering Telegram's Mini App ecosystem. With Telegram's massive user base (approaching 1 billion users), TON has a distribution advantage few blockchains possess. This creates an unusually compelling thesis for long-term value appreciation.
Beyond simple asset accumulation, the company plans to generate sustainable staking rewards from its TON holdings, creating a cash-flow positive treasury operation. This model - earning yield while maintaining exposure to potential cryptocurrency appreciation - represents a sophisticated evolution of corporate treasury strategies.
The leadership restructuring brings substantial cryptocurrency expertise, with Manuel Stotz (President of the TON Foundation) as Executive Chairman and veterans from major financial institutions guiding the operation. This ensures the necessary domain expertise to execute this innovative treasury strategy.
Majority of net proceeds from offering will support purchases of Toncoin, the native cryptocurrency of The Open Network (“TON”) blockchain
LAS VEGAS, Aug. 08, 2025 (GLOBE NEWSWIRE) -- Verb Technology Company, Inc. (Nasdaq: VERB) (“the Company”), today announced the successful closing of its previously announced upsized and oversubscribed
The PIPE transaction, which priced approximately 58.7 million shares of common stock, included participation from over 110 institutional and crypto-native investors, led by Kingsway and anchored by Vy Capital, Blockchain.com, Ribbit Capital, and Graticule (GAMA). Additional investors include CMCC Global, Pantera, MEXC Ventures, ParaFi Capital, Luxor Capital, Arrington Capital, Animoca, Kraken, Primitive Ventures, BitGo, FalconX, Orbs Group, The Open Platform (TOP), TVM Ventures, Kenetic, Hivemind Capital, UNCAP, Pacific Coast Venture Partners, and several high-profile crypto founders like Guy Young, Founder of Ethena Labs.
“As the exclusive blockchain infrastructure powering Telegram’s Mini App ecosystem, we believe in the utility and potential growth in adoption of Toncoin,” said Manuel Stotz, incoming Executive Chairman. “With today’s completed placement and the backing of an exceptional list of investors, we are building a next-generation treasury platform to define a new category of digital asset reserves.”
Company Strategy
The Company plans to immediately begin using the majority of the net proceeds from the PIPE transaction to acquire $TON, which will serve as its primary treasury reserve asset. The strategy is expected to generate sustainable staking rewards to initiate, manage, and grow the Company’s $TON exposure in a cash flow positive manner. The Company intends to rebrand as TON Strategy Co. (“TSC”) to reflect its new direction. In addition, the Company will continue to operate its existing business units, each of which leverages its social commerce technology and video marketing expertise, which are expected to expand.
Company Leadership and Special Advisor
As previously announced, the Company will be led by a deeply experienced team driving its digital asset strategy:
- Executive Chairman Manuel Stotz is the Founder & CEO of Kingsway and serves as President of the TON Foundation. He brings over 15 years of global investment experience and has led Kingsway’s evolution into a top institutional investor in the blockchain ecosystem. Stotz also serves on the board of Blockchain.com and was an early supporter of $TON and the TON ecosystem.
- Chief Executive Officer Veronika Kapustina previously served as a Senior Advisor to the TON Foundation, where she was instrumental in designing its global ecosystem initiatives. She began her career at Morgan Stanley, advising clients on capital markets and tech M&A, and brings a unique blend of institutional finance, venture capital, and blockchain experience to her role at the Company.
- Chief Financial Officer Sarah Olsen is the Co-Founder of Europa Partners and former Head of Corporate Development for Onyx by JP Morgan, where she led strategic initiatives across blockchain, payments, and tokenized assets. Olsen’s expertise spans traditional financial infrastructure and digital asset innovation.
- Special Advisor Peter Smith is the CEO and Co-Founder of Blockchain.com, one of the world’s leading global crypto infrastructure platforms. A pioneer in the industry, Smith has guided Blockchain.com through multiple growth cycles and brings invaluable insight into market structure, regulation, and global adoption trends.
Advisors
Cohen & Company Capital Markets, a division of Cohen & Company Securities, LLC, served as lead financial advisor to Kingsway and sole placement agent to the Company.
Reed Smith LLP served as legal advisor to Kingsway. 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. The Company operates multiple business units, each of which leverages the Company’s 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’s 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.
The Company is headquartered in Las Vegas, NV and operates full-service production and creator studios in the Los Angeles, California vicinity.
For more information, please visit: www.verb.tech
Sign up for E-mail Alerts here: https://ir.verb.tech/news-events/email-alerts
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 Company’s Toncoin holdings, the implementation of its TON treasury strategy, the anticipated rebranding of the Company, expected changes in board management of the Company, the future of the Company’s ongoing business operations, and other 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’s failure to manage growth effectively; the Company’s failure to fully realize the anticipated benefits of the PIPE Transaction; and other risks and uncertainties set forth in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 and the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2025 filed with the SEC, and in the Company’s 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 “Securities Act”), 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 “SEC”) 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
tonstrat@edelmansmithfield.com
Source: Verb Technology Company, Inc.
FAQ
What is the size of VERB's private placement and how will the funds be used?
Who are the key investors in VERB's private placement?
What is VERB's new business strategy after the private placement?
Who will lead VERB's new strategic direction?
What is the connection between VERB and the TON blockchain?
