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Verb Technology raises $558 million to acquire TON as its main reserve asset.
According to reports, Nasdaq-listed company Verb Technology Company announced that it has raised $558 million through the issuance of approximately 58.7 million shares of common stock, led by Kingsway with participation from several institutions. The company plans to immediately purchase TON and use it as the main financial reserve asset of the company. Additionally, the company plans to change its name to TON Strategy Co.