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

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.