Verb secures $558M to become first TON treasury vehicle, plans TON Strategy rebrand

Verbal Price Technology rewrote private locations of $ 558 million to turn into toncoin (TONE) -Wheel Ministry of Finance in cooperation with Kingsway Capital.

According to Statement 4. AugustThe verb plans to rebrand at Ton Strategy Co. (TSC) After closing and becoming the first publicly traded treasury for Toncoin (TON), expected on August 7 or around.

The pipeline covers approximately 58.7 million shares of the ordinary shares, including pre -funded orders sold by institutional and accredited investors for $ 9.51 per share, which corresponds to the verbs 1 August.

The company deploys most of the net revenue to obtain TON as its primary treasury and shares in shares to create recurring rewards and target the cash register positive.

The verb will continue trading on Nasdaq They will continue until the closure and existing operations and are expected to expand.

Notification Partially confirms rumors that the TON Foundation planned an increase in $ 400 million to build the first Ton Treasury vehicle.

First cash register ton

The strategy leans Telegram Deepening integration with ton. Telegram and The Ton Foundation made Ton an exclusive blockchain driveing the ecosystem of Messenger, while Ton wallet recently lived for 87 million American users.

Telegram reports more than 1 billion active users per month worldwide and placed a ton of mainstream distribution in a large consumer platform.

Incoming Executive President Manuel Stotz is the president of the TON Foundation and the CEO at Kingsway Capital. He said that a permanent capital vehicle complies with the company of Ton’s potential composed of value and delivery of revenue.

CEO and co -founder Blockchain.comPeter Smith, will serve as a special advisor and calls this movement a catalyst for a wider crypto adoption.

The incoming executive team also includes a former TON A Foundation Jpmorgan the names.

More than 110 institutional and cryptoral investors enrolled, led by Kingsway and anchored by you Capital, Blockchain.com, Ribbit Capital and Graticule (GAMA).

Other participants include CMCC Global, Panther, Mexc Ventures, Falconx, along with several remarkable founders such as Ethena Labs’ Guy Young.

The verb after closing is expected that 36% of its registered capital will be locked for six to twelve months, the ratio of cash activities to an overall aspole 77% and an initial cash position at about 5% of the circulating market value of TON.

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