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BREAKING: Verb Technology Shakes Up Crypto World with a Jaw-Dropping $558 MILLION Move!

Hold onto your hats, crypto enthusiasts! Verb Technology is making waves with a stunning $558 million private placement aimed at revolutionizing the digital currency scene!

In a bombshell announcement that sent shockwaves through the investment world, Verb has revealed a plan to transform into TON Strategy Co. (TSC) and become the FIRST publicly traded treasury focused on Toncoin (TON). This dazzling rebrand is set to hit the scene on or around August 7.

You heard it right! This mega-deal has drawn overwhelming interest, with the PIPE covering an insane 58.7 million shares sold to institutional and accredited investors at $9.51 per share—the exact closing price on August 1.

But wait, there’s more! Verb is ready to unleash the majority of its newfound cash to snap up TON as its primary treasury reserve asset, aiming to generate recurring rewards and build a cash-flow-positive model that could redefine the game.

The company’s trading on Nasdaq will continue until this monumental deal wraps up, and existing operations are expected to EXPLODE in scale.

Rumors Confirmed: A Game-Changer for TON!

This news partially confirms the buzzing whispers that the Ton Foundation has been gearing up for a $400 million raise to launch the groundbreaking TON treasury vehicle. Talk about strategic timing!

A New Era with Telegram Integration!

What could make this even MORE blockbuster? Verb’s move is heavily backed by Telegram’s deepening ties to TON. The messenger app has made TON its exclusive blockchain, and TON Wallet just went LIVE for 87 million US users! With over 1 billion monthly active users globally, TON is poised for MASSIVE mainstream adoption!

Leadership Shifts and Big Names Join the Party!

Incoming executive chairman Manuel Stotz, also the president at the Ton Foundation, is bullish on TON’s capacity to compound value and yield serious stakes. The co-founder of Blockchain.com, Peter Smith, is on board as a special advisor, sparking excitement as he dubbed this a catalyst for broader crypto adoption!

And the list of high-profile investors doesn’t end there! Over 110 institutional and crypto-native investors are throwing their weight behind this move, led by Kingsway and featuring noteworthy names like Vy Capital, Blockchain.com, Ribbit Capital, and Graticule!

Locked and Loaded!

Once the dust settles from this colossal transition, Verb anticipates that 36% of its share capital will be locked up for 6-12 months, boasting an impressive cash-assets-to-total-assets ratio of 77%! This is the kind of structure that can send ripples through markets!

Get ready, folks! Verb is poised to turn the crypto game on its head, and you won’t want to miss a moment of this thrilling ride!