Monday, August 4, 2025
  • About Web3Wire
  • Web3Wire NFTs
  • .w3w TLD
  • $W3W Token
  • Web3Wire DAO
  • Media Network
  • RSS Feed
  • Contact Us
Web3Wire
No Result
View All Result
  • Home
  • Web3
    • Latest
    • AI
    • Business
    • Blockchain
    • Cryptocurrencies
    • Decentralized Finance
    • Metaverse
    • Non-Fungible Token
    • Press Release
  • Technology
    • Consumer Tech
    • Digital Fashion
    • Editor’s Choice
    • Guides
    • Stories
  • Coins
    • Top 10 Coins
    • Top 50 Coins
    • Top 100 Coins
    • All Coins
  • Exchanges
    • Top 10 Crypto Exchanges
    • Top 50 Crypto Exchanges
    • Top 100 Crypto Exchanges
    • All Crypto Exchanges
  • Stocks
    • Blockchain Stocks
    • NFT Stocks
    • Metaverse Stocks
    • Artificial Intelligence Stocks
  • Events
  • News
    • Latest Crypto News
    • Latest DeFi News
    • Latest Web3 News
  • Home
  • Web3
    • Latest
    • AI
    • Business
    • Blockchain
    • Cryptocurrencies
    • Decentralized Finance
    • Metaverse
    • Non-Fungible Token
    • Press Release
  • Technology
    • Consumer Tech
    • Digital Fashion
    • Editor’s Choice
    • Guides
    • Stories
  • Coins
    • Top 10 Coins
    • Top 50 Coins
    • Top 100 Coins
    • All Coins
  • Exchanges
    • Top 10 Crypto Exchanges
    • Top 50 Crypto Exchanges
    • Top 100 Crypto Exchanges
    • All Crypto Exchanges
  • Stocks
    • Blockchain Stocks
    • NFT Stocks
    • Metaverse Stocks
    • Artificial Intelligence Stocks
  • Events
  • News
    • Latest Crypto News
    • Latest DeFi News
    • Latest Web3 News
No Result
View All Result
Web3Wire
No Result
View All Result
Home Artificial Intelligence

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

August 4, 2025
in Artificial Intelligence, Blockchain, Cryptocurrencies, GlobeNewswire, Non-Fungible Token, Web3
Reading Time: 11 mins read
5
SHARES
243
VIEWS
Share on TwitterShare on LinkedInShare on Facebook
  • 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’s 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 “Company”) today announced the pricing of an upsized and oversubscribed private placement (“PIPE transaction”), positioning the Company to implement a TON treasury strategy. The Company expects to rebrand as TON Strategy Co. (“TSC”) and become the first publicly traded treasury reserve of Toncoin ($TON), the native cryptocurrency of The Open Network (“TON”) 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 $9.51 per share, reflecting the closing market price as of August 1, 2025, for expected gross proceeds of approximately $558 million. Following the closing of the transaction, which is expected to occur on or around August 7, 2025, subject to customary closing conditions, the Company intends to use the majority of the net proceeds of the offering to acquire $TON. $TON will serve as the Company’s primary treasury reserve asset. This is expected to position the company as one of the largest holders of $TON globally and enable it to generate sustainable staking rewards to initiate, manage, and grow its $TON exposure in a cash flow positive manner. The Company’s existing business operations will continue and are expected to expand.

Earlier this year, Telegram and the TON Foundation announced that TON would become the exclusive blockchain powering Telegram’s 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’s tokenized assets — including usernames, accounts, and gift NFTs — and the only permitted blockchain for Telegram’s 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’s 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’s fastest growing large-scale messenger app.

“Telegram 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,” said Manuel Stotz, incoming Executive Chairman.

“The TON ecosystem marks a major step in global crypto adoption, and I’m proud we’re leading efforts to drive investment in the future of digital commerce,” said Peter Smith, CEO & Co-Founder of Blockchain.com and incoming Special Advisor to the Company. “I believe this new leadership team’s combined crypto and institutional expertise will foster blockchain innovation.”

“I’m 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,” stated Rory J. Cutaia, VERB CEO.

Incoming Leadership Team & Special Advisor

Upon close of the transaction, the Company’s 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, Blockchain.com, Ribbit Capital, and Graticule (GAMA). Additional investors include CMCC Global, Pantera, MEXC Ventures, 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 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 (“DAT”) 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’s common stock will continue to trade on the Nasdaq under the ticker “VERB,” 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. 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: http://www.verb.tech

Sign up for E-mail Alerts here: https://ir.verb.tech/news-events/email-alerts

About Kingsway Capital Partners Limited

Kingsway Capital Partners Limited (“Kingsway”) 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’s 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’s 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’s 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’s failure to manage growth effectively; the Company’s failure to fully realize the anticipated benefits of the PIPE Offering; 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 March 31, 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.

About Web3Wire
Web3Wire – Information, news, press releases, events and research articles about Web3, Metaverse, Blockchain, Artificial Intelligence, Cryptocurrencies, Decentralized Finance, NFTs and Gaming.
Visit Web3Wire for Web3 News and Events, Block3Wire for the latest Blockchain news and Meta3Wire to stay updated with Metaverse News.
ShareTweet1ShareSendShare2
Previous Post

Foresight and Indian Drone Manufacturer Win Grant for $5 Million Project to Commercialize Autonomous Industrial Drones

Next Post

Roper Technologies to present at Oppenheimer Technology Conference

Related Posts

The Safest Cloud Mining Platform of 2025: Cryptosolo Empowers Global Users to Grow Their Assets

London, UK, August 4, 2025  — With the implementation of the GENIUS Act and the continued surge in mainstream crypto assets such as Bitcoin, Ethereum, and Solana, global interest in digital currencies is reaching new heights. To meet the demand for convenient, secure, and high-yield investment channels, the innovative UK-based cloud...

Read moreDetails

Victus Global Launches $10 Million Fund to Back Emerging Low-Cap Blockchain Projects

In a bold move to expand its footprint in the digital asset space, Victus Global has announced the launch of a $10 million investment fund aimed at backing low-cap cryptocurrency projects. The fund is designed to support second-round financing for projects within the company’s own ecosystem and close partner network,...

Read moreDetails

XRP holders can achieve stable returns amidst market volatility through Blockchain CloudMining.

In August 2025, in today's volatile market,maintaining asset liquidity while earning stable returns has become a core concern for many investors. As the world's leading cloud mining platform, Blockchain CloudMining supports XRP (Ripple) as the primary payment and settlement currency, opening up a new path for passive income for XRP holders worldwide. Amid increasing uncertainty...

Read moreDetails

Briah Meme Coin Launches on PulseChain: A Playful Tribute to Venture Capitalist Rackham Rishel’s Beloved Dog

The crypto world has a new four-legged mascot. Briah Meme Coin ($BRIAH), a playful, community-driven cryptocurrency, has officially launched on PulseChain—celebrating the loyalty, spirit, and charm of Briah, the cherished Belgian Malinois of prominent venture capitalist and PulseChain whale, Rackham Rishel. ´What started as a lighthearted tribute to a beloved...

Read moreDetails

MGAM Files First Provisional Patent for PUHZL

AI Engine That Curates Real-World Behavior to Power Personalized Intelligence Across Domains WESTPORT, CT / ACCESS Newswire / August 4, 2025 / Mobile Global Esports Inc. (OTCID:MGAM), a next-generation technology and digital media company focused on the convergence of gaming, sports, entertainment, and AI, today announced the filing of its...

Read moreDetails

Altigen Technologies and Krista.ai Announce Strategic Partnership to Deliver AI-Powered Automation for the Enterprise

NEWARK, CALIFORNIA / ACCESS Newswire / August 4, 2025 / Altigen Technologies, Inc., a leader in digital transformation and enterprise consulting services, today announced a strategic partnership with Krista Software, provider of the Krista Intelligent Automation platform. This collaboration is designed to accelerate enterprise adoption of AI and automation by...

Read moreDetails

MultiSensor AI Appoints Luke Grice-Lowe as New Director of International Business Development

HOUSTON, TEXAS / ACCESS Newswire / August 4, 2025 / MultiSensor AI Holdings, Inc. ("MultiSensor AI," "MSAI" or the "Company") (NASDAQ:MSAI), a pioneer in condition-based monitoring and predictive maintenance, is proud to announce the appointment of Luke Grice-Lowe as its new Director of International Business Development. In this role, Mr....

Read moreDetails

Conquer the Heat: OUKITEL’s Top Rugged Gadgets for Summer 2025 Are Here

HONG KONG, HK / ACCESS Newswire / August 4, 2025 / As temperatures soar to record highs across many regions worldwide, regular smartphones face growing risks of overheating, swelling, and in severe cases, fire or explosion. When it comes to tackling heat-related challenges, Oukitel, a leader in rugged technology, stands...

Read moreDetails

Introducing Miggo WAF Copilot: Instant Defense for Next-Gen AI Attacks

TEL AVIV, IL / ACCESS Newswire / August 4, 2025 / Miggo Security, a pioneer in predictive AI application security and Application Detection & Response (ADR), today announced the launch of Miggo WAF Copilot. This revolutionary solution empowers security teams to optimize existing WAF tools to instantly defend live applications...

Read moreDetails

AI Library Market Is Going to Boom | Major Giants OpenCV, Microsoft Cognitive Toolkit

AI Library Market HTF MI recently introduced Global AI Library Market study with 143+ pages in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status (2025-2033). The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing...

Read moreDetails
Web3Wire NFTs - The Web3 Collective

Web3Wire, $W3W Token and .w3w tld Whitepaper

Web3Wire, $W3W Token and .w3w tld Whitepaper

Claim your space in Web3 with .w3w Domain!

Web3Wire

Trending on Web3Wire

  • Unifying Blockchain Ecosystems: 2024 Guide to Cross-Chain Interoperability

    87 shares
    Share 35 Tweet 22
  • Top Cross-Chain DeFi Solutions to Watch by 2025

    48 shares
    Share 19 Tweet 12
  • Top 5 Wallets for Seamless Multi-Chain Trading in 2025

    43 shares
    Share 17 Tweet 11
  • Discover 2025’s Top 5 Promising Low-Cap Crypto Gems

    65 shares
    Share 26 Tweet 16
  • Discover the Best Metaverse Crypto Projects and Virtual Worlds 2025

    44 shares
    Share 18 Tweet 11
Join our Web3Wire Community!

Our newsletters are only twice a month, reaching around 10000+ Blockchain Companies, 800 Web3 VCs, 600 Blockchain Journalists and Media Houses.


* We wont pass your details on to anyone else and we hate spam as much as you do. By clicking the signup button you agree to our Terms of Use and Privacy Policy.

Web3Wire Podcasts

Upcoming Events

Web 3.0 and AI Summit 2025

2025-09-11
Frankfurt
Summit

Latest on Web3Wire

  • The Safest Cloud Mining Platform of 2025: Cryptosolo Empowers Global Users to Grow Their Assets
  • Victus Global Launches $10 Million Fund to Back Emerging Low-Cap Blockchain Projects
  • XRP holders can achieve stable returns amidst market volatility through Blockchain CloudMining.
  • Briah Meme Coin Launches on PulseChain: A Playful Tribute to Venture Capitalist Rackham Rishel’s Beloved Dog
  • MGAM Files First Provisional Patent for PUHZL

RSS Latest on Block3Wire

  • Covo Finance: Revolutionary Crypto Leverage Trading Platform
  • WorldStrides and HEX Announce Partnership to Offer High School and University Students Innovative Courses Designed to Improve Their Outlook in the Digital Age
  • Cathedra Bitcoin Announces Leasing of 2.5-MW Bitcoin Mining Facility
  • Global Web3 Payments Leader, Banxa, Announces Integration With Metis to Usher In Next Wave of Cryptocurrency Users
  • Dexalot Launches First Hybrid DeFi Subnet on Avalanche

RSS Latest on Meta3Wire

  • Thumbtack Honored as a 2023 Transform Awards Winner
  • Accenture Invests in Looking Glass to Accelerate Shift from 2D to 3D
  • MetatronAI.com Unveils Revolutionary AI-Chat Features and Interface Upgrades
  • Purely.website – Disruptive new platform combats rising web hosting costs
  • WEMADE and Metagravity Sign Strategic Alliance MOU to Collaborate on Blockchain Games for the Metaverse
Web3Wire

Web3Wire is your go-to source for the latest insights and updates in Web3, Metaverse, Blockchain, AI, Cryptocurrencies, DeFi, NFTs, and Gaming. We provide comprehensive coverage through news, press releases, event updates, and research articles, keeping you informed about the rapidly evolving digital world.

  • About Web3Wire
  • Web3Wire NFTs – The Web3 Collective
  • .w3w TLD
  • $W3W Token
  • Web3Wire DAO
  • Event Partners
  • Community Partners
  • Our Media Network
  • Media Kit
  • RSS Feeds
  • Contact Us

Whitepaper | Tokenomics

Crypto Coins

  • Top 10 Coins
  • Top 50 Coins
  • Top 100 Coins
  • All Coins – Marketcap
  • Crypto Coins Heatmap

Crypto Exchanges

  • Top 10 Exchanges
  • Top 50 Exchanges
  • Top 100 Exchanges
  • All Crypto Exchanges

Crypto Stocks

  • Blockchain Stocks
  • NFT Stocks
  • Metaverse Stocks
  • Artificial Intelligence Stocks

Media Portfolio: Block3Wire | Meta3Wire

Web3 Resources

  • Top Web3 and Crypto Youtube Channels
  • Latest Crypto News
  • Latest DeFi News
  • Latest Web3 News

Blockchain Resources

  • Blockchain and Web3 Resources
  • Decentralized Finance (DeFi) – Research Reports
  • All Crypto Whitepapers

Metaverse Resources

  • AR VR and Metaverse Resources
  • Metaverse Courses
Claim your space in Web3 with .w3w!
Top 50 Web3 Blogs and Websites
Web3Wire Podcast on Spotify Web3Wire Podcast on Amazon Music 
Web3Wire - Web3 and Blockchain - News, Events and Press Releases | Product Hunt
Web3Wire on Google News
  • Privacy Policy
  • Terms of Use
  • Disclaimer
  • Sitemap
  • For Search Engines
  • Crypto Sitemap
  • Exchanges Sitemap

© 2024 Web3Wire. We strongly recommend our readers to DYOR, before investing in any cryptocurrencies, blockchain projects, or ICOs, particularly those that guarantee profits.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Coins
    • Top 10 Cryptocurrencies
    • Top 50 Cryptocurrencies
    • Top 100 Cryptocurrencies
    • All Coins
  • Exchanges
    • Top 10 Cryptocurrency Exchanges
    • Top 50 Cryptocurrency Exchanges
    • Top 100 Cryptocurrency Exchanges
    • All Crypto Exchanges
  • Stocks
    • Blockchain Stocks
    • NFT Stocks
    • Metaverse Stocks
    • Artificial Intelligence Stocks

© 2024 Web3Wire. We strongly recommend our readers to DYOR, before investing in any cryptocurrencies, blockchain projects, or ICOs, particularly those that guarantee profits.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.