NASDAQ-Listed Action Technology is earlier $ 558 million safe for launching the Toncon Treasury Strategy done publicly publicly traded in public

The Verb Technology Company, which focuses on e-commerce and healthcare services, has achieved $ 558 million in gross procedures through an apesmith and oversbuscreebed private placement (pipe) to implement a tranquette (ton) treasury strategy for Monday’s announcement.

Around August 7, the expected post-transaction, action technology is set to rebrand as tons of ton strategy cum. (TSC) and install yourself as the first publicly traded treasury reserve of the native crypto asset tonquine of the open network blockchain.

“Telegram Global is a favorite messenger for the Crypto community and $ ton is the currency that provides strength to the Telegram ecosystem. Long -term holdings of $ ton, which not only have the capacity of compounds not only in value, but also provides staging yield, which means that TSC can benefit from staging rewards,”

Verb will allocate most of the net procedures for tons after close, which will make it one of the largest tons holders. The company estimates that it will be about 5% of the circulating market value of Tonquine.

The company has also planned to generate permanent staging rewards, manufacturing CAH Flow Positive Treesari models built around tons.

The change of verb is more than 110 institutional and crypto-root supported by investors. The pipe was led by Kingswe Capital and anchored by prominent firms such as VY Capital, Blockchain.com, Rebit Capital and Grathicul (Gama). Other major backcars include Pantera, CMCC Global, Crackon, Animoka, Parafi and Bitgo.

Despite the strategic pivot, the current business operations of the verb, which include its AI-operated livestream shopping platform market. Leive and Reed Livecom will deal with and are expected to expand.

“Ton Ecosystem Global Crypto is a major step in adoption, and I am proud that we are trying to run investment in the future of digital commerce,” Blockchain.com and Incoming Special Advisor.

On Monday morning, a wide self-in in the Crypto market, between the tradvent data shows, the price of the ton fell nearly 5%.