Verb Tech raises $558M in PIPE to acquire Toncoin, rebrand as TON Strategy Co.

TON Strategy Co

PIPE priced at $9.51/share for ~58.7M shares; gross proceeds ~$558M.
Majority of net proceeds to purchase Toncoin (TON) at $1.83/TON; $272.7M purchase agreement already signed.
New leadership: Manuel Stotz (Exec Chairman), Veronika Kapustina (CEO), Sarah Olsen (CFO), Peter Smith (Special Advisor).
Over 110 institutional investors participated; ~36% of shares subject to 6-12 month lock-up.
Existing business continues; Series D Preferred redeemed in full; closing expected August 7, 2025.

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